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Michigan Compiled Laws Complete Through PA 131 of 2017
House: Adjourned until Tuesday, November 28, 2017 1:30:00 PM
Senate: Adjourned until Tuesday, November 28, 2017 10:00:00 AM

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236-1961-52
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REVISED JUDICATURE ACT OF 1961 (EXCERPT)
Act 236 of 1961
Chapter 52
ASSIGNMENTS FOR THE BENEFIT OF CREDITORS

DocumentTypeDescription
Section 600.5201SectionCommon law assignments for the benefit of creditors; requirements for validity; bond of assignee; filing; approval; attachment or execution on assigned property; acknowledgment; inventory.
Section 600.5205SectionProperty conveyed; general powers of assignee.
Section 600.5211SectionSpecific powers of assignee.
Section 600.5215SectionAppraisal of property; sale; notice.
Section 600.5221SectionProof of claims; notice; filing; list of creditors.
Section 600.5225SectionProof of claims; contents; verification.
Section 600.5231SectionContest of claims; procedure, costs; filing fee.
Section 600.5235SectionSet-off of mutual debts and credits.
Section 600.5241SectionCircuit courts; jurisdiction; supervisory powers; specific powers; examination; assignor and others; assignee; orders; circuit court commissioner.
Section 600.5245SectionAssignee; accounts; reports; completion of duties; extension of time; notice.
Section 600.5251SectionPayment of claims; order; method; time.
Section 600.5255SectionCompensation of assignee; application; notice to creditors.
Section 600.5261SectionCivil action for enforcement of trust; grounds; appointment of receiver or assignee; summary examination; powers, duties, and compensation of receiver.
Section 600.5265SectionNature of proceedings.
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