Michigan Laws 554.1038 – Receiver appointed before effective date of act
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Terms Used In Michigan Laws 554.1038
- Receiver: means a person appointed by the court as the court's agent, and subject to the court's direction, to take possession of, manage, and, if authorized by this act or court order, transfer, sell, lease, license, exchange, collect, or otherwise dispose of receivership property. See Michigan Laws 554.1012
- Receivership: means a proceeding in which a receiver is appointed. See Michigan Laws 554.1012
This act does not apply to a receivership for which the receiver was appointed before the effective date of this act.