Sec. 7.
When a grant for a valuable consideration shall be made to 1 person, and the consideration therefor shall be paid by another, no use or trust shall result in favor of the person by whom such payment shall be made; but the title shall vest in the person named as the alienee in such conveyance, subject only to the provisions of the next section.
History: R.S. 1846, Ch. 63 ;-- CL 1857, 2637 ;-- CL 1871, 4120 ;-- How. 5569 ;-- CL 1897, 8835 ;-- CL 1915, 11571 ;-- CL 1929, 12973 ;-- CL 1948, 555.7
Structure Michigan Compiled Laws
R.S. of 1846 - Revised Statutes of 1846 (555.1 - 555.28)
R-S-1846-555-1-63 - Chapter 63 Chapter 63. of Uses and Trusts. (555.1...555.28)
R-S-1846-555-1-63-USES-AND-TRUSTS. - Uses and Trusts. (555.1...555.28)
Section 555.1 - Uses and Trusts; Extent of Abolition; Interests Deemed Legal.
Section 555.2 - Executed Use Confirmed as Legal Estate.
Section 555.3 - Right to Possession Deemed Legal Estate.
Section 555.4 - Right to Possession Deemed Legal Estate; Effect on Existing Active Trust.
Section 555.5 - Passive Trust; Disposition of Lands, Trustee Interest.
Section 555.6 - Constructive, Resulting or Express Trusts; Preceding Sections Effect.
Section 555.7 - Payment of Consideration for Conveyance to Another; Resulting Trust, Alienee Title.
Section 555.9 - Payment of Consideration for Conveyance to Another; Fraudulent Alienee Exemption.
Section 555.10 - Implied or Resulting Trust; Validity Against Bona Fide Purchaser.
Section 555.11 - Express Trust; Purpose of Creation.
Section 555.13 - Rents and Profits; Liability of Surplus to Claims of Creditors of Beneficiary.
Section 555.14 - Express Trust for Unauthorized Purpose; Estate of Trustee; Power in Trust.
Section 555.15 - Trust as Valid Power; Land Descent.
Section 555.16 - Express Trust; Beneficiary, Trustee Estates, Beneficiary Right.
Section 555.17 - Express Trust; Disposal of Land in Event of Failure or Termination of Trust.
Section 555.18 - Express Trust; Undisposed Estate or Interest.
Section 555.19 - Express Trust; Assignability of Interest of Beneficiary.
Section 555.21 - Express Trust; Mention in Instrument; Invalidity of Certain Acts of Trustee.
Section 555.22 - Authorized Payment to Trustee; Protection of Payor.
Section 555.23 - Express Trust; Termination of Estate of Trustee.
Section 555.24 - Express Trust; Death of All Trustees; Execution of Trust.
Section 555.25 - Express Trust; Trustee Resignation.
Section 555.26 - Express Trust; Trustee Removal.