Michigan § 554.1034 Receivership in another state; rights, powers, and duties of ancillary receiver.

Michigan Statutes

§ 554.1034 — Receivership in another state; rights, powers, and duties of ancillary receiver.

Michigan § 554.1034

Ch. 554REAL AND PERSONAL PROPERTY

Act 16 of 2018RECEIVERSHIP ACT (554.1011-554.1040)

This text of Michigan § 554.1034 (Receivership in another state; rights, powers, and duties of ancillary receiver.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 554.1034 (2026).

Text

RECEIVERSHIP ACT (EXCERPT) Act 16 of 2018 554.1034 Receivership in another state; rights, powers, and duties of ancillary receiver. Sec. 24.

(1)The court may appoint a receiver appointed in another state, or that person's nominee, as an ancillary receiver with respect to property located in this state or subject to the jurisdiction of the court for which a receiver could be appointed under this act, if both of the following apply:

(a)The person or nominee would be eligible to serve as receiver under section 7.

(b)The appointment furthers the person's possession, custody, control, or disposition of property subject to the receivership in the other state.

(2)The court may issue an order that gives effect to an order entered in another state appointing or directing a receiver.

(3)Unless

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RECEIVERSHIP ACT (EXCERPT) Act 16 of 2018 554.1034 Receivership in another state; rights, powers, and duties of ancillary receiver. Sec. 24. (1) The court may appoint a receiver appointed in another state, or that person's nominee, as an ancillary receiver with respect to property located in this state or subject to the jurisdiction of the court for which a receiver could be appointed under this act, if both of the following apply: (a) The person or nominee would be eligible to serve as receiver under section 7. (b) The appointment furthers the person's possession, custody, control, or disposition of property subject to the receivership in the other state. (2) The court may issue an order that gives effect to an order entered in another state appointing or directing a receiver. (3) Unless the court orders otherwise, an ancillary receiver appointed under subsection (1) has the rights, powers, and duties of a receiver appointed under this act.