Michigan Compiled Laws
Chapter 554 - Real and Personal Property
Act 16 of 2018 - Receivership Act (554.1011 - 554.1040)

Section 554.1011 - Short Title. - Sec. 1. This act shall be known and may be...

Section 554.1012 - Definitions. - Sec. 2. As used in this act: (a) "Affiliate" means...

Section 554.1013 - Court Order; Issuance; Notice and Hearing; Circumstances. - Sec. 3. (1) Except as otherwise provided in subsection (2),...

Section 554.1014 - Applicability of Act; Scope; Limitation. - Sec. 4. (1) Except as otherwise provided in subsection (2)...

Section 554.1015 - Selection, Appointment, Removal, and Compensation of Receiver; Establishment by Court Rule; Jurisdiction. - Sec. 5. (1) Except as provided in this act, the...

Section 554.1016 - Appointment of Receiver; Circumstances; Appointment Without Prior Notice or Hearing; Security. - Sec. 6. (1) The court may appoint a receiver as...

Section 554.1017 - Appointment of Receiver; Objection; Requirements; Disqualifications. - Sec. 7. (1) If a court determines there is good...

Section 554.1018 - Bond; Alternative Security. - Sec. 8. (1) Except as otherwise provided in subsection (2),...

Section 554.1019 - Status of Receiver as Lien Creditor. - Sec. 9. On appointment of a receiver, the receiver has...

Section 554.1020 - Acquisition of Property After Appointment as Receiver; Security Agreement. - Sec. 10. Except as otherwise provided by law of this...

Section 554.1021 - Receivership Property; Duties of Person Upon Demand of Receiver; Failure to Turn Over Property; Sanction. - Sec. 11. (1) Unless the court orders otherwise, a person...

Section 554.1022 - Powers and Duties of Receiver. - Sec. 12. (1) Except as limited by court order or...

Section 554.1023 - Duties of Owner. - Sec. 13. (1) An owner shall do all of the...

Section 554.1024 - Stay or Injunction. - Sec. 14. (1) Except as otherwise provided in subsection (4)...

Section 554.1025 - Engagement of Professional; Compensation. - Sec. 15. (1) With court approval, a receiver may engage...

Section 554.1026 - "Good Faith" Defined; Use or Transfer of Receivership Property Not in Ordinary Course of Business. - Sec. 16. (1) As used in this section, "good faith"...

Section 554.1027 - "Timeshare Interest" Defined; Executory Contract. - Sec. 17. (1) As used in this section, "timeshare interest"...

Section 554.1028 - Defenses and Immunities of Receiver. - Sec. 18. (1) A receiver is entitled to all defenses...

Section 554.1029 - Quarterly Interim Report of Receiver. - Sec. 19. Except as otherwise ordered by the court for...

Section 554.1030 - Notice of Order Governing Appointment; Notice to All Creditors; Claim; Distribution of Receivership Property. - Sec. 20. (1) Within 7 days after the receipt by...

Section 554.1031 - Fees and Expenses. - Sec. 21. (1) The court may award a receiver from...

Section 554.1032 - Removal of Receiver; Replacement; Discharge; Termination. - Sec. 22. (1) The court may remove a receiver for...

Section 554.1033 - Final Report of Receiver; Contents; Discharge. - Sec. 23. (1) On completion of a receiver's duties, the...

Section 554.1034 - Receivership in Another State; Rights, Powers, and Duties of Ancillary Receiver. - Sec. 24. (1) The court may appoint a receiver appointed...

Section 554.1035 - Enforcement by Secured Party; Effect. - Sec. 25. A request by a secured party for appointment...

Section 554.1036 - Uniformity of Law. - Sec. 26. In applying and construing this uniform act, consideration...

Section 554.1037 - Electronic Signatures in Global and National Commerce Act. - Sec. 27. This act modifies, limits, or supersedes the electronic...

Section 554.1038 - Receiver Appointed Before Effective Date of Act. - Sec. 28. This act does not apply to a receivership...

Section 554.1040 - Effective Date. - Sec. 30. This act takes effect 90 days after the...