PocketLaw | Michigan Compiled Laws | 16 of 2018 - Receivership Act

16 of 2018 - Receivership Act (554.1011 - 554.1040)

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Section
554.1011

Short Title.

Section
554.1012

Definitions.

Section
554.1013

Court Order; Issuance; Notice and Hearing; Circumstances.

Section
554.1014

Applicability of Act; Scope; Limitation.

Section
554.1015

Selection, Appointment, Removal, and Compensation of Receiver; Establishment by Court Rule; Jurisdiction.

Section
554.1016

Appointment of Receiver; Circumstances; Appointment Without Prior Notice or Hearing; Security.

Section
554.1017

Appointment of Receiver; Objection; Requirements; Disqualifications.

Section
554.1018

Bond; Alternative Security.

Section
554.1019

Status of Receiver as Lien Creditor.

Section
554.1020

Acquisition of Property After Appointment as Receiver; Security Agreement.

Section
554.1021

Receivership Property; Duties of Person Upon Demand of Receiver; Failure to Turn Over Property; Sanction.

Section
554.1022

Powers and Duties of Receiver.

Section
554.1023

Duties of Owner.

Section
554.1024

Stay or Injunction.

Section
554.1025

Engagement of Professional; Compensation.

Section
554.1026

"Good Faith" Defined; Use or Transfer of Receivership Property Not in Ordinary Course of Business.

Section
554.1027

"Timeshare Interest" Defined; Executory Contract.

Section
554.1028

Defenses and Immunities of Receiver.

Section
554.1029

Quarterly Interim Report of Receiver.

Section
554.1030

Notice of Order Governing Appointment; Notice to All Creditors; Claim; Distribution of Receivership Property.

Section
554.1031

Fees and Expenses.

Section
554.1032

Removal of Receiver; Replacement; Discharge; Termination.

Section
554.1033

Final Report of Receiver; Contents; Discharge.

Section
554.1034

Receivership in Another State; Rights, Powers, and Duties of Ancillary Receiver.

Section
554.1035

Enforcement by Secured Party; Effect.

Section
554.1036

Uniformity of Law.

Section
554.1037

Electronic Signatures in Global and National Commerce Act.

Section
554.1038

Receiver Appointed Before Effective Date of Act.

Section
554.1040

Effective Date.