Section 700.3911 Improper Distribution; Liability of Distributee.

MI Comp L § 700.3911 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 3911.

Unless the distribution or payment no longer can be questioned because of adjudication, estoppel, or limitation, a distributee of property that is improperly distributed or paid, or a claimant that is improperly paid, is liable to return the property improperly received and its income since distribution if the recipient has the property. If the recipient does not have the property, then the recipient is liable to return the value as of the disposition date of the property improperly received and its income and gain received by the recipient.

History: 1998, Act 386, Eff. Apr. 1, 2000 Popular Name: EPIC