2006 Michigan Compiled Laws - Act 66 of 1956


OIL AND GAS ASSIGNMENTS

Act 66 of 1956

AN ACT to authorize the assignment of oil and gas, and the rents and profits from oil and gas properties, and the income from the sale of oil and gas produced or to be produced from oil and gas properties, as herein defined, whether presently owned or subsequently acquired, as security in, or in connection with, existing or future mortgages or deeds of trust of oil and gas properties.


History: 1956, Act 66, Eff. Aug. 11, 1956




The People of the State of Michigan enact:

DocumentDescription
Section 565.81Oil and gas assignment; security for indebtedness.
Section 565.82Oil and gas assignment; time of operation.
Section 565.83Oil and gas assignment; validity; certified copy; service on pipe line company.
Section 565.84Oil and gas assignment; duration of effectiveness.
Section 565.85Oil and gas assignment; definitions.

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