Sec. 5255.
The assignee shall receive for his services, such compensation as may be allowed by the court. In the event of an estate being administered by more than 1 assignee or by successive assignees, the court shall apportion the compensation between them according to the services actually rendered so that there shall not be paid to the assignees for the administering of any estate a greater amount than 1 assignee would be entitled to. The court may in its discretion withhold all compensation from any assignee who has been removed for cause. Ten days' notice by mail shall be given to the creditors of all applications for the allowance to the assignee of compensation and expenses, stating the amount of compensation and the items of expenses for which allowance is asked.
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)
236-1961-52 - Chapter 52 Assignments for the Benefit of Creditors (600.5201...600.5265)
Section 600.5205 - Property Conveyed; General Powers of Assignee.
Section 600.5211 - Specific Powers of Assignee.
Section 600.5215 - Appraisal of Property; Sale; Notice.
Section 600.5221 - Proof of Claims; Notice; Filing; List of Creditors.
Section 600.5225 - Proof of Claims; Contents; Verification.
Section 600.5231 - Contest of Claims; Procedure, Costs; Filing Fee.
Section 600.5235 - Set-Off of Mutual Debts and Credits.
Section 600.5245 - Assignee; Accounts; Reports; Completion of Duties; Extension of Time; Notice.
Section 600.5251 - Payment of Claims; Order; Method; Time.
Section 600.5255 - Compensation of Assignee; Application; Notice to Creditors.