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Act 434 of 1998
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Act 434 of 1998

AN ACT to define and regulate fraudulent transfers and conveyances; to set aside and modify certain transfers and conveyances; to make uniform the law of fraudulent transfers; and to repeal acts and parts of acts.

History: 1998, Act 434, Imd. Eff. Dec. 30, 1998

© 2015 Legislative Council, State of Michigan

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 fraud.
Section 566.36SectionCompletion of transfer; perfection.
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 obligee.
Section 566.39SectionCause of action; extinguishment.
Section 566.40SectionSupplemental principles of law and equity.
Section 566.41SectionApplication and construction of act.
Section 566.42SectionShort title.
Section 566.43SectionRepeal of MCL 566.11 to 566.23.