There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - CHAPTER 52 ASSIGNMENTS FOR THE BENEFIT OF CREDITORS (600.5201...600.5265)
| Act 236 of 1961 ASSIGNMENTS FOR THE BENEFIT OF CREDITORS |
| Document | Description |
| Section 600.5201 | Common law assignments for the benefit of creditors; requirements for validity; bond of assignee; filing; approval; attachment or execution on assigned property; acknowledgment; inventory. |
| Section 600.5205 | Property conveyed; general powers of assignee. |
| Section 600.5211 | Specific powers of assignee. |
| Section 600.5215 | Appraisal of property; sale; notice. |
| Section 600.5221 | Proof of claims; notice; filing; list of creditors. |
| Section 600.5225 | Proof of claims; contents; verification. |
| Section 600.5231 | Contest of claims; procedure, costs; filing fee. |
| Section 600.5235 | Set-off of mutual debts and credits. |
| Section 600.5241 | Circuit courts; jurisdiction; supervisory powers; specific powers; examination; assignor and others; assignee; orders; circuit court commissioner. |
| Section 600.5245 | Assignee; accounts; reports; completion of duties; extension of time; notice. |
| Section 600.5251 | Payment of claims; order; method; time. |
| Section 600.5255 | Compensation of assignee; application; notice to creditors. |
| Section 600.5261 | Civil action for enforcement of trust; grounds; appointment of receiver or assignee; summary examination; powers, duties, and compensation of receiver. |
| Section 600.5265 | Nature of proceedings. |
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.
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