Sec. 3340.
In all cases of sales under judgment in partition where it appears that any married woman has an inchoate right of dower in any of the lands divided or sold, or that any person has a vested or contingent future right or estate in the lands, the court under whose judgment the sale is made shall ascertain and settle the proportional value of the inchoate, contingent, or vested right or estate, according to the principles of law applicable to annuities and survivorships, and shall direct the proportion of the proceeds of the sale to be invested, secured, or paid over in the manner considered the best to secure the rights and interests of the parties. The payment, investment, or other securing of the proceeds of the sale shall be a bar to that right, estate, or claim.
History: 1961, Act 236, Eff. Jan. 1, 1963
Structure Michigan Compiled Laws
Chapter 600 - Revised Judicature Act of 1961
Act 236 of 1961 - Revised Judicature Act of 1961 (600.101 - 600.9948)
236-1961-33 - Chapter 33 Partition (600.3301...600.3372)
Section 600.3301 - Partition of Lands; Jurisdiction of Circuit Court; Actions Equitable in Nature.
Section 600.3304 - Partition of Lands; Joint Tenants; Tenants in Common.
Section 600.3312 - Mineral Rights.
Section 600.3316 - Undivided Interest in Estate in Possession or in Expectancy Deemed Fee Simple.
Section 600.3324 - Lands Held in Trust; Parties; Division Among Heirs or Devisees.
Section 600.3328 - Partition Against State; Service of Papers; Appearance.
Section 600.3332 - Indivisible Premises; Division of Part of Premises; Minimum Price.
Section 600.3336 - Owelty; Adjustment of Equities.
Section 600.3348 - Receiver; Appointment; Protection From Waste, Trespass, or Injury.
Section 600.3352 - Claims Barred by Statute of Limitations; Acquiescence.
Section 600.3356 - Creditor With Lien; Transfer; Impairment.