2006 Michigan Compiled Laws - Act 228 of 1925


RENTS AND PROFITS UNDER TRUST MORTGAGE

Act 228 of 1925

AN ACT to authorize the assignment of rents and profits of property mortgaged under a trust mortgage or deed of trust, to secure bonds or obligations issued or to be issued thereunder.


History: 1925, Act 228, Eff. Aug. 27, 1925




The People of the State of Michigan enact:

DocumentDescription
Section 554.211Assignment of rents and profits under trust mortgage or deed; lawfulness.
Section 554.212Assignment; validity against mortgagor and occupiers of premises.
Section 554.213Trust mortgage; definition.
Section 554.214Emergency legislation; immediate necessity; liberal construction.

Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.