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Section 554.1033 Final Report of Receiver; Contents; Discharge.

MI Comp L § 554.1033 (2019) (N/A)
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Sec. 23.

(1) On completion of a receiver's duties, the receiver shall file a final report including all of the following:

(a) A description of the activities of the receiver in the conduct of the receivership.

(b) A list of receivership property at the commencement of the receivership and any receivership property received during the receivership.

(c) A list of disbursements, including payments to professionals engaged by the receiver.

(d) A list of dispositions of receivership property.

(e) A list of distributions made or proposed to be made from the receivership for creditor claims.

(f) If not filed separately, a request for approval of the payment of fees and expenses of the receiver.

(g) Any other information required by the court.

(2) If the court approves a final report filed under subsection (1) and the receiver distributes all receivership property, the receiver is discharged.

History: 2018, Act 16, Eff. May 7, 2018

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Section 554.1032 Removal of Receiver; Replacement; Discharge; Termination.
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Section 554.1034 Receivership in Another State; Rights, Powers, and Duties of Ancillary Receiver.