MCL - Act 434 of 1998


Act 434 of 1998

AN ACT to provide for the setting aside and modification of certain transfers, conveyances, and obligations; to make uniform the law of fraudulent transfers; and to provide remedies.

History: 1998, Act 434, Imd. Eff. Dec. 30, 1998 ;-- Am. 2016, Act 552, Eff. Apr. 10, 2017

The People of the State of Michigan enact:
Document Type Description
Section 566.31 Section Definitions.
Section 566.32 Section Insolvency.
Section 566.33 Section Transfer for value.
Section 566.34 Section Transfer with intent to defraud.
Section 566.35 Section Transfer by debtor as voidable.
Section 566.36 Section Transfer as perfected; completion.
Section 566.37 Section Action for relief against transfer or obligation; right of creditor to execution on asset or proceeds.
Section 566.38 Section Transfer or obligation not voidable; recovery of judgment; rights of good-faith transferee or oblige; burden of proof; preponderance of evidence as standard of proof.
Section 566.39 Section Claim for relief; extinguishment.
Section 566.40 Section Debtor's and qualified trustee's location; jurisdiction.
Section 566.41 Section "Protected series" and "series organization" defined.
Section 566.42 Section Principles of law and equity as supplemental provisions of act.
Section 566.43 Section Application and construction of act.
Section 566.44 Section Electronic signatures or delivery.
Section 566.45 Section Short title; applicable provisions.