Sec. 5261.
In case there is any fraud in the matter of the assignment, or if the assignee fails to file it, or to qualify or to comply with any of the provisions of this chapter, or to promptly and faithfully execute the trust, any person interested therein may bring a civil action in the proper county for the enforcement of the trust. The court in its discretion may appoint a receiver or assignee therein and may order the summary examination of any party or witness at any stage of the cause or other proceedings under this chapter, relative to the matters of the trust, and enforce attendance and the giving of testimony. A receiver shall have the same rights, powers, duties, and compensation and be subject to all the obligations and liabilities of an assignee.
History: 1961, Act 236, Eff. Jan. 1, 1963 ;-- Am. 1974, Act 297, Eff. Apr. 1, 1975
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.