Michigan Statutes
§ 554.1015 — Selection, appointment, removal, and compensation of receiver; establishment by court rule; jurisdiction.
RECEIVERSHIP ACT (EXCERPT) Act 16 of 2018 554.1015 Selection, appointment, removal, and compensation of receiver; establishment by court rule; jurisdiction. Sec. 5.
(1)Except as provided in this act, the procedure for the selection, appointment, removal, and compensation of a receiver, or a professional engaged under section 15, under this act is as established by the court rules.
(2)The court that appoints a receiver under this act has exclusive jurisdiction to direct the receiver and determine any controversy related to the receivership or receivership property.
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Michigan § 554.1015 (Selection, appointment, removal, and compensation of receiver; establishment by court rule; jurisdiction.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
2018, Act 16 , Eff. May 7, 2018 ;-- Am. 2020, Act 210 , Imd. Eff. Oct. 15, 2020
Nearby Sections
15
§ 554.1011
Short title.§ 554.1012
Definitions.§ 554.1014
Applicability of act; scope; limitation.§ 554.1016
Appointment of receiver; circumstances; appointment without prior notice or hearing; security.§ 554.1018
Bond; alternative security.§ 554.1019
Status of receiver as lien creditor.§ 554.1022
Powers and duties of receiver.§ 554.1023
Duties of owner.§ 554.1024
Stay or injunction.