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