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Michigan Compiled Laws Complete Through PA 40 of 2018
House: Adjourned until Tuesday, March 20, 2018 1:30:00 PM
Senate: Adjourned until Tuesday, March 20, 2018 10:00:00 AM

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Act 66 of 1956
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Act 66 of 1956

AN ACT to authorize the assignment of oil and gas, and the rents and profits from oil and gas properties, and the income from the sale of oil and gas produced or to be produced from oil and gas properties, as herein defined, whether presently owned or subsequently acquired, as security in, or in connection with, existing or future mortgages or deeds of trust of oil and gas properties.

History: 1956, Act 66, Eff. Aug. 11, 1956

© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

Section 565.81SectionOil and gas assignment; security for indebtedness.
Section 565.82SectionOil and gas assignment; time of operation.
Section 565.83SectionOil and gas assignment; validity; certified copy; service on pipe line company.
Section 565.84SectionOil and gas assignment; duration of effectiveness.
Section 565.85SectionOil and gas assignment; definitions.
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