Property: personal; act allowing ownership of certain personal property as tenancy by the entireties; revise gender-specific language. Amends title & sec. 1 of 1927 PA 212 (MCL 557.151). TIE BAR WITH: HJR F'25

HB 4613 updates Michigan law to replace gender-specific terms like "husband and wife" with "spouses" in rules about joint ownership of personal property. It clarifies that certain personal property (such as bonds, stocks, or promissory notes) held by married couples will automatically be considered joint tenancy with survivorship rights - meaning the surviving spouse inherits the property - unless the document specifies otherwise. This change applies to personal property, not real estate, and aligns existing rules with modern marriage terminology. The bill requires a constitutional amendment (HJR F'25) to take effect, as noted in its enacting section.