RECEIVERSHIP ACT (EXCERPT)
Act 16 of 2018
554.1015 Selection, appointment, removal, and compensation of receiver; establishment by court rule; jurisdiction.Sec. 5.
(1) Except as provided in this act, the procedure for the selection, appointment, removal, and compensation of a receiver, or a professional engaged under section 15, under this act is as established by the court rules.
(2) The court that appoints a receiver under this act has exclusive jurisdiction to direct the receiver and determine any controversy related to the receivership or receivership property.
History: 2018, Act 16, Eff. May 7, 2018
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Am. 2020, Act 210, Imd. Eff. Oct. 15, 2020
Rendered 8/18/2025 10:56 PM
Michigan Compiled Laws Complete Through PA 5 of 2025
Courtesy of legislature.mi.gov