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RENTS AND PROFITS UNDER TRUST MORTGAGE
Act 228 of 1925
AN ACT to authorize the assignment of rents and profits of property mortgaged under a trust mortgage or deed of trust, to secure bonds or obligations issued or to be issued thereunder.
History: 1925, Act 228, Eff. Aug. 27, 1925
© 2009 Legislative Council, State of Michigan
The People of the State of Michigan enact:
|Section 554.211||Section||Assignment of rents and profits under trust mortgage or deed; lawfulness.
|Section 554.212||Section||Assignment; validity against mortgagor and occupiers of premises.
|Section 554.213||Section||Trust mortgage; definition.
|Section 554.214||Section||Emergency legislation; immediate necessity; liberal construction.