Michigan Compiled Laws
Act 16 of 2018 - Receivership Act (554.1011 - 554.1040)
Section 554.1040 - Effective Date.

Sec. 30.
This act takes effect 90 days after the date it is enacted into law.
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.