JurisdictionMichiganCh. 557PROPERTY OF HUSBAND AND WIFE
Act 317 of 1947MICHIGAN COMMUNITY PROPERTY ACT (557.201-557.220)***** Act 317 of 1947 THIS ACT WAS REPEALED BY ACT 39 OF 1948 (1ST EX. SESS.) EFFECTIVE MAY 10, 1948, SUBJECT TO SAVINGS PROVISIONS IN § 557.252 ET SEQ. *****
This text of Michigan § 557.216 (Life insurance proceeds; payment by insurer; discharge; effect of notice by person claiming interest in policy or payment.) 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.
MICHIGAN COMMUNITY PROPERTY ACT (EXCERPT) Act 317 of 1947 ***** 557.216 THIS SECTION WAS REPEALED BY ACT 39 OF 1948 (1ST EX. SESS.) EFFECTIVE MAY 10, 1948, SUBJECT TO SAVINGS PROVISIONS IN § 557.252 ET SEQ. ***** 557.216 Life insurance proceeds; payment by insurer; discharge; effect of notice by person claiming interest in policy or payment. Sec.
16.Notwithstanding the provisions of this act, when the proceeds of, or payments under a policy or contract issued by a life insurance company become payable and the company makes payment thereof in accordance with the terms thereof, or in accordance with the terms of any written assignment thereof, if the policy or contract has been assigned, such payment shall fully discharge the company from all claims under such policy or contract unless, bef
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MICHIGAN COMMUNITY PROPERTY ACT (EXCERPT) Act 317 of 1947 ***** 557.216 THIS SECTION WAS REPEALED BY ACT 39 OF 1948 (1ST EX. SESS.) EFFECTIVE MAY 10, 1948, SUBJECT TO SAVINGS PROVISIONS IN § 557.252 ET SEQ. ***** 557.216 Life insurance proceeds; payment by insurer; discharge; effect of notice by person claiming interest in policy or payment. Sec. 16. Notwithstanding the provisions of this act, when the proceeds of, or payments under a policy or contract issued by a life insurance company become payable and the company makes payment thereof in accordance with the terms thereof, or in accordance with the terms of any written assignment thereof, if the policy or contract has been assigned, such payment shall fully discharge the company from all claims under such policy or contract unless, before such payment is made, the company has received, at its home office, written notice by or on behalf of some other person that such other person claims to be entitled to such payment or some interest in the policy or contract.