Payment of Consideration for Conveyance to Another; Presumption as Fraudulent; Resulting Trust for Creditors of Payee.

  1. Law
  2. Michigan Compiled Laws
  3. Uses and Trusts
  4. of 1846 - Revised Statutes of 1846 (555.1 - 555.28)
  5. Chapter 63 Chapter 63. of Uses and Trusts. (555.1...555.28)
  6. Uses and Trusts. (555.1...555.28)
  7. Payment of Consideration for Conveyance to Another; Presumption as Fraudulent; Resulting Trust for Creditors of Payee.

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Sec. 8.

Every such conveyance shall be presumed fraudulent, as against the creditors of the person paying the consideration; and when a fraudulent intent is not disproved, a trust shall result in favor of such creditors, to the extent that may be necessary to satisfy their just demands.

History: R.S. 1846, Ch. 63 ;-- CL 1857, 2638 ;-- CL 1871, 4121 ;-- How. 5570 ;-- CL 1897, 8836 ;-- CL 1915, 11572 ;-- CL 1929, 12974 ;-- CL 1948, 555.8


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