The bill amends the 1975 PA 288, which addresses the income rights of spouses in real estate and other property held as tenants by the entirety. The title of the act is updated to replace "husband and wife" with "spouses," reflecting a more inclusive language. Additionally, the language in Section 1 is modified to state that "spouses are equally entitled" to the rents, products, income, or profits from such properties, rather than specifying "A husband and wife shall be."

Furthermore, the bill includes a provision stating that it will only take effect if certain resolutions from the 103rd Legislature are adopted as part of the state constitution. This ensures that the changes to the law are contingent upon broader constitutional amendments, reinforcing the legislative intent to modernize and equalize property rights among all spouses.

Statutes affected:
House Introduced Bill: 557.71