Sec. 5325.
The clerk of the court shall be the agent of each creditor listed, as to funds paid into court to which such creditors are entitled under the provisions of this chapter, and upon payment of any such funds to the clerk of the court the title thereto shall immediately pass to the creditors entitled thereto by the provisions of this chapter and their heirs and assigns, and shall become part of the estate of such creditors. This provision shall not apply to moneys not called for by any creditor or checks returned not delivered and remaining in the clerk's office for 6 months after a petition is dismissed.
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)
236-1961-53 - Chapter 53 Receivership for Wage Earners (600.5301...600.5375)
Section 600.5301 - Assignment of Future Wages; Notice to Creditor and Employer; Exception.
Section 600.5305 - List of Creditors; Contents of Petition.
Section 600.5311 - Exemptions.
Section 600.5315 - Exemptions by Agreement; Support of Children.
Section 600.5321 - Distribution of Balance.
Section 600.5325 - Clerk as Agent of Listed Creditors; Title to Funds.
Section 600.5331 - Fixing Amount of Claim; Disputed Claim; Costs; Intervention.
Section 600.5335 - Payment of Wages by Employer.
Section 600.5341 - Garnishment; Effect.
Section 600.5345 - Duration of Assignment Proceedings.
Section 600.5351 - Secured Creditors.
Section 600.5355 - Notices; Manner of Giving; Change of Employment.
Section 600.5361 - Debts Incurred After Filing Petition; Not Included.
Section 600.5365 - Statute of Limitations Tolled During Pendency of Proceedings.
Section 600.5371 - Court Fees Upon Petition; Defrayment of Incidental Expenses.
Section 600.5375 - Repealed. 1969, Act 209, Eff. Jan. 1, 1970.