2006 Michigan Compiled Laws - Mich. Comp. Laws § 557.204 Community property; interest of husband and wife.

***** 557.204 THIS SECTION WAS REPEALED BY ACT 39 OF 1948 (1ST EX. SESS.) EFFECTIVE MAY 10, 1948, SUBJECT TO SAVINGS PROVISIONS IN § 557.252 ET SEQ. *****

Sec. 4.

All property of every kind, character, or description acquired by either the husband or the wife, or both, after marriage, or on or after the effective date of this act, whichever is later, except that which is defined as the separate property of either or the separate property of both in sections 1, 2 and 3 of this act, shall be deemed the community property of the husband and wife, and each shall be vested with an undivided 1/2 interest therein. The respective interest of the husband and the wife in such community property shall be present, existing, and equal interests and shall arise as an incident of marriage.

History: 1947, Act 317, Imd. Eff. July 1, 1947 ;-- CL 1948, 557.204
Compiler's Notes: This act was repealed by § 557.251, subject to the saving provisions contained in § 557.252 et seq.