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Michigan Compiled Laws Complete Through PA 126 of 2023
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Act 434 of 1998
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Act 434 of 1998

AN ACT to provide for the setting aside and modification of certain transfers, conveyances, and obligations; to make uniform the law of fraudulent transfers; and to provide remedies.

History: 1998, Act 434, Imd. Eff. Dec. 30, 1998 ;-- Am. 2016, Act 552, Eff. Apr. 10, 2017

The People of the State of Michigan enact:

Section 566.31SectionDefinitions.
Section 566.32SectionInsolvency.
Section 566.33SectionTransfer for value.
Section 566.34SectionTransfer with intent to defraud.
Section 566.35SectionTransfer by debtor as voidable.
Section 566.36SectionTransfer as perfected; completion.
Section 566.37SectionAction for relief against transfer or obligation; right of creditor to execution on asset or proceeds.
Section 566.38SectionTransfer or obligation not voidable; recovery of judgment; rights of good-faith transferee or oblige; burden of proof; preponderance of evidence as standard of proof.
Section 566.39SectionClaim for relief; extinguishment.
Section 566.40SectionDebtor's and qualified trustee's location; jurisdiction.
Section 566.41Section"Protected series" and "series organization" defined.
Section 566.42SectionPrinciples of law and equity as supplemental provisions of act.
Section 566.43SectionApplication and construction of act.
Section 566.44SectionElectronic signatures or delivery.
Section 566.45SectionShort title; applicable provisions.
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