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REVISED JUDICATURE ACT OF 1961 (EXCERPT) Act 236 of 1961 Chapter 52
Section 600.5201 Section 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 Section Property conveyed; general powers of assignee.
Section 600.5211 Section Specific powers of assignee.
Section 600.5215 Section Appraisal of property; sale; notice.
Section 600.5221 Section Proof of claims; notice; filing; list of creditors.
Section 600.5225 Section Proof of claims; contents; verification.
Section 600.5231 Section Contest of claims; procedure, costs; filing fee.
Section 600.5235 Section Set-off of mutual debts and credits.
Section 600.5241 Section Circuit courts; jurisdiction; supervisory powers; specific powers; examination; assignor and others; assignee; orders; circuit court commissioner.
Section 600.5245 Section Assignee; accounts; reports; completion of duties; extension of time; notice.
Section 600.5251 Section Payment of claims; order; method; time.
Section 600.5255 Section Compensation of assignee; application; notice to creditors.
Section 600.5261 Section Civil action for enforcement of trust; grounds; appointment of receiver or assignee; summary examination; powers, duties, and compensation of receiver.
Section 600.5265 Section Nature of proceedings.
