Michigan Compiled Laws
236-1961-52 - Chapter 52 Assignments for the Benefit of Creditors (600.5201...600.5265)
Section 600.5265 - Nature of Proceedings.

Sec. 5265.
Proceedings under this chapter, except the contest of claims under section 5231, are equitable in nature.
History: 1961, Act 236, Eff. Jan. 1, 1963

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Structure Michigan Compiled Laws

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 600.5201 - Common Law Assignments for the Benefit of Creditors; Requirements for Validity; Bond of Assignee; Filing; Approval; Attachment or Execution on Assigned Property; Acknowledgment; Inventory.

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 600.5241 - Circuit Courts; Jurisdiction; Supervisory Powers; Specific Powers; Examination; Assignor and Others; Assignee; Orders; Circuit Court Commissioner.

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.

Section 600.5261 - Civil Action for Enforcement of Trust; Grounds; Appointment of Receiver or Assignee; Summary Examination; Powers, Duties, and Compensation of Receiver.

Section 600.5265 - Nature of Proceedings.