Michigan Compiled Laws
Act 16 of 2018 - Receivership Act (554.1011 - 554.1040)
Section 554.1036 - Uniformity of Law.

Sec. 26.
In applying and construing this uniform act, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it.
History: 2018, Act 16, Eff. May 7, 2018

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 554 - Real and Personal Property

Act 16 of 2018 - Receivership Act (554.1011 - 554.1040)

Section 554.1011 - Short Title.

Section 554.1012 - Definitions.

Section 554.1013 - Court Order; Issuance; Notice and Hearing; Circumstances.

Section 554.1014 - Applicability of Act; Scope; Limitation.

Section 554.1015 - Selection, Appointment, Removal, and Compensation of Receiver; Establishment by Court Rule; Jurisdiction.

Section 554.1016 - Appointment of Receiver; Circumstances; Appointment Without Prior Notice or Hearing; Security.

Section 554.1017 - Appointment of Receiver; Objection; Requirements; Disqualifications.

Section 554.1018 - Bond; Alternative Security.

Section 554.1019 - Status of Receiver as Lien Creditor.

Section 554.1020 - Acquisition of Property After Appointment as Receiver; Security Agreement.

Section 554.1021 - Receivership Property; Duties of Person Upon Demand of Receiver; Failure to Turn Over Property; Sanction.

Section 554.1022 - Powers and Duties of Receiver.

Section 554.1023 - Duties of Owner.

Section 554.1024 - Stay or Injunction.

Section 554.1025 - Engagement of Professional; Compensation.

Section 554.1026 - "Good Faith" Defined; Use or Transfer of Receivership Property Not in Ordinary Course of Business.

Section 554.1027 - "Timeshare Interest" Defined; Executory Contract.

Section 554.1028 - Defenses and Immunities of Receiver.

Section 554.1029 - Quarterly Interim Report of Receiver.

Section 554.1030 - Notice of Order Governing Appointment; Notice to All Creditors; Claim; Distribution of Receivership Property.

Section 554.1031 - Fees and Expenses.

Section 554.1032 - Removal of Receiver; Replacement; Discharge; Termination.

Section 554.1033 - Final Report of Receiver; Contents; Discharge.

Section 554.1034 - Receivership in Another State; Rights, Powers, and Duties of Ancillary Receiver.

Section 554.1035 - Enforcement by Secured Party; Effect.

Section 554.1036 - Uniformity of Law.

Section 554.1037 - Electronic Signatures in Global and National Commerce Act.

Section 554.1038 - Receiver Appointed Before Effective Date of Act.

Section 554.1040 - Effective Date.