2006 Michigan Compiled Laws - Act 237 of 1879


LAND CONTRACTS

Act 237 of 1879

AN ACT to provide for the execution, acknowledgment, and recording of contracts for the sale of land.


History: 1879, Act 237, Eff. Aug. 30, 1879




The People of the State of Michigan enact:

DocumentDescription
Section 565.351Land contract; acknowledgment; endorsement.
Section 565.352Land contract; execution and acknowledgment in another state.
Section 565.353Land contract; execution and acknowledgment in foreign country.
Section 565.354Land contract; recording, effect.
Section 565.355Repealed. 1998, Act 106, Imd. Eff. June 3, 1998.
Section 565.356Definitions.
Section 565.357Land contract mortgage as security to debt or obligation; rights and interests of vendor or vendee; encumbrance; applicability of act to real estate mortgage; act additional to existing rights and remedies.
Section 565.358Land contract mortgage; document; form; execution, acknowledgement, and recording; identification of encumbered interest; perfection of mortgage; priority.
Section 565.359Land contract mortgage; enforcement; foreclosure; additional remedies.
Section 565.360Nonmortgaging vendor or vendee; rights or remedies affected; duties; payments; conditions; duties of third party.
Section 565.361Payment and performance of contract obligations; conveyance of land; discharge of land contract mortgage or release of security assignment; failure or refusal to make conveyance or discharge; penalties; enforcement; title as marketable; subordination to other real estate interest.

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