Sec. 3903.
The amount of a successor's noncontingent indebtedness to the estate if due, or its present value if not due, shall be offset against the successor's interest. However, the successor has the benefit of a defense that would be available to the successor in a direct proceeding for recovery of the debt.
History: 1998, Act 386, Eff. Apr. 1, 2000 Popular Name: EPIC
Structure Michigan Compiled Laws
Chapter 700 - Estates and Protected Individuals Code
Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)
Article III - Probate of Wills and Administration (700.3101...700.3988)
386-1998-III-9 - Part 9 Special Provisions Relating to Distribution (700.3901...700.3924)
Section 700.3901 - Successors' Rights in Absence of Administration.
Section 700.3902 - Distribution; Order in Which Assets Appropriated; Abatement.
Section 700.3903 - Indebtedness; Set-Off.
Section 700.3904 - Interest on General Pecuniary Devise.
Section 700.3905 - Penalty Clause for Contest.
Section 700.3906 - Distribution in Kind; Valuation; Method.
Section 700.3907 - Pecuniary Bequests and Trust Interests.
Section 700.3908 - Proposed Distribution.
Section 700.3909 - Distribution in Kind; Evidence.
Section 700.3910 - Distribution; Right or Title of Distributee.
Section 700.3911 - Improper Distribution; Liability of Distributee.
Section 700.3912 - Purchasers From Distributees Protected.
Section 700.3913 - Partition for Purpose of Distribution.
Section 700.3914 - Agreements Among Successors to Decedent Binding on Personal Representative.
Section 700.3915 - Distribution to Trustee.
Section 700.3916 - Disposition of Unclaimed Assets.
Section 700.3917 - Duties of County Treasurer.
Section 700.3918 - Distribution to Person Under Disability.
Section 700.3919 - Final Distribution to Domiciliary Representative.
Section 700.3920 - Apportionment of Death Taxes.
Section 700.3921 - Tax on Separate Interests; Governing Instrument Provisions.