Individuals & Families
Small Businesses
Nonprofits
Employers
Employee Benefits Brokers
PEOs
Credit Unions
Membership Groups
Legal Information
Sign In
/
U.S. State Codes
/
Michigan
/
Chapter 554 - Real and Pers...
/
Act 16 of 2018 Uniform Commercial Real Estate R...
Act 16 of 2018 Uniform Commercial Real Estate Receivership Act (554.1011 - 554.1040)
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 Supreme Court Rule; Jurisdiction.
Section 554.1016 Appointment of Receiver; Circumstances; Appointment Without Prior Notice or Hearing; Security.
Section 554.1017 Appointment of Receiver; Disqualification; Statement.
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 Interim Report of Receiver.
Section 554.1030 Notice of Appointment; 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 Mortgagee; 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.