Opinion
No. 121106.
Decided June 27, 2003.
COA: 227750, Cheboygan CC: 99-011693-SE.
On order of the Court, the application for leave to appeal the February 15, 2002 decision of the Court of Appeals is considered, and it is GRANTED. The parties are directed to include among the issues to be briefed (1) whether the death of the principal revokes the agent's order to transfer stock that was uncompleted by a third party; (2) whether the principal's death would have revoked the order to transfer stock that was uncompleted by a third party if the principal himself had requested it; and (3) whether the fact that the third party failed to complete the stock transfer transaction before the principal's death compels the conclusion that the non-transferred stock remained in the principal's estate, regardless whether the agent retained his power of attorney or whether his past authorized acts remained valid after the principal's death.