Sec. 7615.
In allowing a claim, the trustee may deduct a counterclaim that the trustee has against the claimant. In determining a claim against a trust, the court shall reduce the amount allowed by the amount of a counterclaim and, if the total counterclaims exceed the claim, render a judgment against the claimant in the amount of the excess. A counterclaim, liquidated or unliquidated, may arise from a transaction other than that upon which the claim is based. A counterclaim may give rise to relief exceeding in amount or different in kind from that sought in the claim.
History: Add. 2009, Act 46, Eff. Apr. 1, 2010 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 VII - Michigan Trust Code (700.7101...700.7913)
386-1998-VII-6 - Part 6 Revocable Trusts (700.7601...700.7615)
Section 700.7601 - Capacity of Settlor of Revocable Trust.
Section 700.7602 - Revocation or Amendment of Revocable Trust.
Section 700.7605 - Liability of Trust for Expenses, Claims, and Allowances.
Section 700.7606 - Payment of Expenses and Obligations of Settlor's Estate; Duty of Trustee.
Section 700.7608 - Duty of Trustee to Give Notice.
Section 700.7609 - Presentation of Claims Against Trust.
Section 700.7610 - Presentation of Claims to Assert Liability; Time Limitation; Exceptions.
Section 700.7611 - Allowance or Disallowance of Claims Against Revocable Trust.
Section 700.7612 - Payment of Claims by Trustee.
Section 700.7613 - Secured Claims; Payment; Basis.
Section 700.7614 - Claims Due at Future Time, Contingent Claim, or Unliquidated Claim.