reglab/statecodes huggingface dataset:
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › Act 434 of 1998 - Uniform Voidable Transactions Act (566.31 - 566.45) › Section 566.42 - Principles of Law and Equity as Supplemental Provisions of Act.

566.42 Principles of law and equity as supplemental provisions of act.
Sec. 12.
Unless displaced by the provisions of this act, the principles of law and equity, including the law merchant and the law relating to principal and agent, estoppel, laches, fraud, misrepresentation, duress, coercion, mistake, insolvency, or other validating or invalidating cause, supplement the provisions of this act.
History:
1998, Act 434, Imd. Eff. Dec. 30, 1998 ;-- Am. 2016, Act 552, Eff. Apr. 10, 2017
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › Act 434 of 1998 - Uniform Voidable Transactions Act (566.31 - 566.45) › Section 566.43 - Application and Construction of Act.

566.43 Application and construction of act.
Sec. 13.
This act shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this act among the states enacting it.
History:
1998, Act 434, Imd. Eff. Dec. 30, 1998 ;-- Am. 2016, Act 552, Eff. Apr. 10, 2017
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › Act 434 of 1998 - Uniform Voidable Transactions Act (566.31 - 566.45) › Section 566.44 - Electronic Signatures or Delivery.

566.44 Electronic signatures or delivery.
Sec. 14.
This act modifies, limits, or supersedes the electronic signatures in the global and national commerce act, 15 USC 7001 to 7031, but does not modify, limit, or supersede 15 USC 7001(c) or authorize electronic delivery of any of the notices described in 15 USC 7003(b).
History:
Add. 2016, Act 552, Eff. Apr. 10, 2017
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › Act 434 of 1998 - Uniform Voidable Transactions Act (566.31 - 566.45) › Section 566.45 - Short Title; Applicable Provisions.

566.45 Short title; applicable provisions.
Sec. 15.
(1) This act, which was formerly known and cited as the "uniform fraudulent transfer act", shall be known and may be cited as the "uniform voidable transactions act".
(2) All of the following apply to sections 1 to 13 as amended, and to section 14 and this section as added, by the amendatory act that added this section:
(a) The sections as amended or added apply to a transfer made or obligation incurred on or after the effective date of the amendatory act that added this section.
(b) The sections as amended or added do not apply to a transfer made or obligation incurred before the effective date of the amendatory act that added this section.
(c) The sections as amended or added do not apply to a right of action that accrued before the effective date of the amendatory act that added this section.
(d) For purposes of this subsection, a transfer is made and an obligation is incurred at the time provided in section 6.
History:
Add. 2016, Act 552, Eff. Apr. 10, 2017
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › R.S. of 1846 - Revised Statutes of 1846 (566.101 - 566.110) › R-S-1846-566-101-80 - Chapter 80 Chapter 80. of Fraudulent Conveyances and Contracts Relative to Lands. (566.101...566.110) › R-S-1846-566-101-80-80 - Chapter 80 Fraudulent Conveyances. (566.101...566.110) › Section 566.101 - Conveyance With Intent to Defraud; Invalidity.

566.101 Conveyance with intent to defraud; invalidity.
Sec. 1.
Every conveyance of any estate or interest in lands, or the rents and profits of lands, and every charge upon lands or upon the rents and profits thereof, made or created with intent to defraud prior or subsequent purchasers for a valuable consideration, of the same lands, rents or profits, as against such purchasers, shall be void.
History:
R.S. 1846, Ch. 80 ;-- CL 1857, 3172 ;-- CL 1871, 4687 ;-- How. 6174 ;-- CL 1897, 9504 ;-- CL 1915, 11970 ;-- CL 1929, 13406 ;-- CL 1948, 566.101
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › R.S. of 1846 - Revised Statutes of 1846 (566.101 - 566.110) › R-S-1846-566-101-80 - Chapter 80 Chapter 80. of Fraudulent Conveyances and Contracts Relative to Lands. (566.101...566.110) › R-S-1846-566-101-80-80 - Chapter 80 Fraudulent Conveyances. (566.101...566.110) › Section 566.102 - Notice of Prior Conveyance; Effect.

566.102 Notice of prior conveyance; effect.
Sec. 2.
No such conveyance or charge shall be deemed fraudulent, in favor of a subsequent purchaser, who shall have actual or legal notice of the prior conveyance or charge, at the time of his purchase, unless it shall appear that the grantee in such prior conveyance, or person to be benefited by such charge, was privy to the fraud intended.
History:
R.S. 1846, Ch. 80 ;-- CL 1857, 3173 ;-- CL 1871, 4688 ;-- How. 6175 ;-- CL 1897, 9505 ;-- CL 1915, 11971 ;-- CL 1929, 13407 ;-- CL 1948, 566.102
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › R.S. of 1846 - Revised Statutes of 1846 (566.101 - 566.110) › R-S-1846-566-101-80 - Chapter 80 Chapter 80. of Fraudulent Conveyances and Contracts Relative to Lands. (566.101...566.110) › R-S-1846-566-101-80-80 - Chapter 80 Fraudulent Conveyances. (566.101...566.110) › Section 566.103 - Conveyance Reserving Powers of Revocation or Alteration; Invalidity.

566.103 Conveyance reserving powers of revocation or alteration; invalidity.
Sec. 3.
Every conveyance or charge of, or upon, any estate or interest in lands, containing any provision for the revocation, determination or alteration of such estate or interest, or any part thereof, at the will of the grantor, shall be void, as against subsequent purchasers from such grantor for a valuable consideration, of any estate or interest so liable to be revoked or determined, although the same be not expressly revoked, determined or altered by such grantor, by virtue of the power reserved or expressed in such prior conveyance or charge.
History:
R.S. 1846, Ch. 80 ;-- CL 1857, 3174 ;-- CL 1871, 4689 ;-- How. 6176 ;-- CL 1897, 9506 ;-- CL 1915, 11972 ;-- CL 1929, 13408 ;-- CL 1948, 566.103
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › R.S. of 1846 - Revised Statutes of 1846 (566.101 - 566.110) › R-S-1846-566-101-80 - Chapter 80 Chapter 80. of Fraudulent Conveyances and Contracts Relative to Lands. (566.101...566.110) › R-S-1846-566-101-80-80 - Chapter 80 Fraudulent Conveyances. (566.101...566.110) › Section 566.104 - Conveyance by Person Authorized to Revoke Grant; Validity.

566.104 Conveyance by person authorized to revoke grant; validity.
Sec. 4.
When a power to revoke a conveyance of any lands, or the rents and profits thereof, and to re-convey the same, shall be given to any person, other than the grantor in such conveyance, and such person shall thereafter convey the same lands, rents or profits, to a purchaser for a valuable consideration, such subsequent conveyance shall be valid, in the same manner, and to the same extent, as if the power of revocation were recited therein, and the intent to revoke the former conveyance expressly declared.
History:
R.S. 1846, Ch. 80 ;-- CL 1857, 3175 ;-- CL 1871, 4690 ;-- How. 6177 ;-- CL 1897, 9507 ;-- CL 1915, 11973 ;-- CL 1929, 13409 ;-- CL 1948, 566.104
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › R.S. of 1846 - Revised Statutes of 1846 (566.101 - 566.110) › R-S-1846-566-101-80 - Chapter 80 Chapter 80. of Fraudulent Conveyances and Contracts Relative to Lands. (566.101...566.110) › R-S-1846-566-101-80-80 - Chapter 80 Fraudulent Conveyances. (566.101...566.110) › Section 566.105 - Conveyance Before Vesting of Power to Revoke; Validity.

566.105 Conveyance before vesting of power to revoke; validity.
Sec. 5.
If a conveyance to a purchaser, under either of the 2 last preceding sections, shall be made before the person making the same shall be entitled to execute his power of revocation, it shall nevertheless be valid, from the time the power of revocation shall actually vest in such person, in the same manner and to the same extent, as if then made.
History:
R.S. 1846, Ch. 80 ;-- CL 1857, 3176 ;-- CL 1871, 4691 ;-- How. 6178 ;-- CL 1897, 9508 ;-- CL 1915, 11974 ;-- CL 1929, 13410 ;-- CL 1948, 566.105
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › R.S. of 1846 - Revised Statutes of 1846 (566.101 - 566.110) › R-S-1846-566-101-80 - Chapter 80 Chapter 80. of Fraudulent Conveyances and Contracts Relative to Lands. (566.101...566.110) › R-S-1846-566-101-80-80 - Chapter 80 Fraudulent Conveyances. (566.101...566.110) › Section 566.106 - Statute of Frauds; Conveyance of Interest in Lands Other Than One Year Lease.

566.106 Statute of frauds; conveyance of interest in lands other than one year lease.
Sec. 6.
No estate or interest in lands, other than leases for a term not exceeding 1 year, nor any trust or power over or concerning lands, or in any manner relating thereto, shall hereafter be created, granted, assigned, surrendered or declared, unless by act or operation of law, or by a deed or conveyance in writing, subscribed by the party creating, granting, assigning, surrendering or declaring the same, or by some person thereunto by him lawfully authorized by writing.
History:
R.S. 1846, Ch. 80 ;-- CL 1857, 3177 ;-- CL 1871, 4692 ;-- How. 6179 ;-- CL 1897, 9509 ;-- CL 1915, 11975 ;-- CL 1929, 13411 ;-- CL 1948, 566.106
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › R.S. of 1846 - Revised Statutes of 1846 (566.101 - 566.110) › R-S-1846-566-101-80 - Chapter 80 Chapter 80. of Fraudulent Conveyances and Contracts Relative to Lands. (566.101...566.110) › R-S-1846-566-101-80-80 - Chapter 80 Fraudulent Conveyances. (566.101...566.110) › Section 566.107 - Statute of Frauds; Will, Trust by Implication or Operation of Law.

566.107 Statute of frauds; will, trust by implication or operation of law.
Sec. 7.
The preceding section shall not be construed to affect in any manner, the power of a testator in the disposition of his real estate, by a last will and testament; nor to prevent any trust from arising, or being extinguished, by implication or operation of law.
History:
R.S. 1846, Ch. 80 ;-- CL 1857, 3178 ;-- CL 1871, 4693 ;-- How. 6180 ;-- CL 1897, 9510 ;-- CL 1915, 11976 ;-- CL 1929, 13412 ;-- CL 1948, 566.107
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › R.S. of 1846 - Revised Statutes of 1846 (566.101 - 566.110) › R-S-1846-566-101-80 - Chapter 80 Chapter 80. of Fraudulent Conveyances and Contracts Relative to Lands. (566.101...566.110) › R-S-1846-566-101-80-80 - Chapter 80 Fraudulent Conveyances. (566.101...566.110) › Section 566.108 - Statute of Frauds; Contract for Interest in Lands Other Than One Year Lease; Sales at Auction.

566.108 Statute of frauds; contract for interest in lands other than one year lease; sales at auction.
Sec. 8.
Every contract for the leasing for a longer period than 1 year, or for the sale of any lands, or any interest in lands, shall be void, unless the contract, or some note or memorandum thereof be in writing, and signed by the party by whom the lease or sale is to be made, or by some person thereunto by him lawfully authorized in writing: Provided, That whenever any lands or interest in lands shall be sold at public auction and the auctioneer or the clerk of the auction at the time of the sale enters in a sale book a memorandum specifying the description and price of the land sold and the name of the purchaser, such memorandum, together with the auction bills, catalog or written or printed notice of sale containing the name of the person on whose account the sale is made and the terms of sale, shall be deemed a memorandum of the contract of sale within the meaning of this section.
History:
R.S. 1846, Ch. 80 ;-- CL 1857, 3179 ;-- CL 1871, 4694 ;-- How. 6181 ;-- CL 1897, 9511 ;-- CL 1915, 11977 ;-- Am. 1917, Act 83, Eff. Aug. 10, 1917 ;-- CL 1929, 13413 ;-- CL 1948, 566.108
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › R.S. of 1846 - Revised Statutes of 1846 (566.101 - 566.110) › R-S-1846-566-101-80 - Chapter 80 Chapter 80. of Fraudulent Conveyances and Contracts Relative to Lands. (566.101...566.110) › R-S-1846-566-101-80-80 - Chapter 80 Fraudulent Conveyances. (566.101...566.110) › Section 566.109 - Statute of Frauds; Consideration, Statement in Contract, Evidence.

566.109 Statute of frauds; consideration, statement in contract, evidence.
Sec. 9.
The consideration of any contract or agreement, required by the provisions of this chapter to be in writing, need not be set forth in the contract or agreement, or in the note or memorandum thereof, but may be proved by any other legal evidence.
History:
R.S. 1846, Ch. 80 ;-- CL 1857, 3180 ;-- CL 1871, 4695 ;-- How. 6182 ;-- CL 1897, 9512 ;-- CL 1915, 11978 ;-- CL 1929, 13414 ;-- CL 1948, 566.109
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › R.S. of 1846 - Revised Statutes of 1846 (566.101 - 566.110) › R-S-1846-566-101-80 - Chapter 80 Chapter 80. of Fraudulent Conveyances and Contracts Relative to Lands. (566.101...566.110) › R-S-1846-566-101-80-80 - Chapter 80 Fraudulent Conveyances. (566.101...566.110) › Section 566.110 - Court of Chancery; Powers Not Abridged.

566.110 Court of chancery; powers not abridged.
Sec. 10.
Nothing in this chapter contained shall be construed to abridge the powers of the court of chancery to compel the specific performance of agreements, in cases of part performance of such agreements.
History:
R.S. 1846, Ch. 80 ;-- CL 1857, 3181 ;-- CL 1871, 4696 ;-- How. 6183 ;-- CL 1897, 9513 ;-- CL 1915, 11979 ;-- CL 1929, 13415 ;-- CL 1948, 566.110
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › R.S. of 1846 - Revised Statutes of 1846 (566.131 - 566.146) › R-S-1846-566-131-81 - Chapter 81 Chapter 81. of Fraudulent Conveyances and Contracts, Relative to Goods, Chattels, and Things in Action. (566.131...566.146) › Section 566.131 - Transfers in Trust of Property Void as Against Creditors; Exceptions.

566.131 Transfers in trust of property void as against creditors; exceptions.
Sec. 1.
(1) Except as provided in subsections (2) to (4), a deed of gift, conveyance, transfer, or assignment, verbal or written, of property made in trust for the use of the person making the gift, conveyance, transfer, or assignment is void as against the creditors, existing or subsequent, of the person.
(2) Subsection (1) does not apply to the lapse, release, waiver, or disclaimer of a power of appointment given to a donee by a third party. As used in this subsection, "donee" means that term as defined in section 2 of the powers of appointment act of 1967, 1967 PA 224, MCL 556.112.
(3) Subsection (1) does not apply to the creation of a trust by an individual if all of the following apply:
(a) The individual created the trust for the benefit of the individual's spouse.
(b) The trust is treated as qualified terminable interest property under section 2523(f) of the internal revenue code, 26 USC 2523.
(c) The individual retains a beneficial interest in the trust income, trust principal, or both, which beneficial interest follows the termination of the individual's spouse's prior beneficial interest in the trust.
(4) Subsection (1) does not apply to a gift, conveyance, transfer, or assignment from a trust to a person who created the trust if all of the following apply:
(a) The trust is an irrevocable trust for the benefit of third parties.
(b) The trust is a grantor trust with regard to the person for income tax purposes under sections 671 to 679 of the internal revenue code, 26 USC 671 to 679.
(c) The trustee has the discretionary authority to reimburse or advance trust property to the person for taxes concerning income attributable to the trust property.
(d) The gift, conveyance, transfer, or assignment is the exercise by the trustee of the discretionary authority described in subdivision (c).
History:
R.S. 1846, Ch. 81 ;-- CL 1857, 3182 ;-- CL 1871, 4697 ;-- How. 6184 ;-- CL 1897, 9514 ;-- CL 1915, 11980 ;-- CL 1929, 13416 ;-- CL 1948, 566.131 ;-- Am. 2009, Act 42, Eff. Apr. 1, 2010
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › R.S. of 1846 - Revised Statutes of 1846 (566.131 - 566.146) › R-S-1846-566-131-81 - Chapter 81 Chapter 81. of Fraudulent Conveyances and Contracts, Relative to Goods, Chattels, and Things in Action. (566.131...566.146) › Section 566.134 - Auction Sales; Memorandum of Contract.

566.134 Auction sales; memorandum of contract.
Sec. 4.
Whenever any goods shall be sold at auction and the auctioneer or the clerk of the auction at the time of sale enters in a sale book a memorandum specifying the nature and price of the property sold and the name of the purchaser, such memorandum, together with the auction bills, catalogue, or written or printed notice of sale containing the name of the person on whose account the sale is made and the terms of sale, shall be deemed a memorandum of the contract of sale within the meaning of the last section.
History:
R.S. 1846, Ch. 81 ;-- CL 1857, 3185 ;-- CL 1871, 4700 ;-- How. 6187 ;-- CL 1897, 9517 ;-- Am. 1907, Act 237, Eff. Sept. 28, 1907 ;-- CL 1915, 11982 ;-- CL 1929, 13418 ;-- CL 1948, 566.134
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › R.S. of 1846 - Revised Statutes of 1846 (566.131 - 566.146) › R-S-1846-566-131-81 - Chapter 81 Chapter 81. of Fraudulent Conveyances and Contracts, Relative to Goods, Chattels, and Things in Action. (566.131...566.146) › Section 566.135 - Representation Concerning Character; Business or Credit of Another.

566.135 Representation concerning character; business or credit of another.
Sec. 5.
No action shall be brought to charge any person, upon or by reason of any favorable representation or assurance, made concerning the character, conduct, credit, ability, trade or dealings of any other person, unless such representation or assurance be made in writing, and signed by the party to be charged thereby, or by some person thereunto by him lawfully authorized.
History:
R.S. 1846, Ch. 81 ;-- CL 1857, 3186 ;-- CL 1871, 4701 ;-- How. 6188 ;-- CL 1897, 9518 ;-- CL 1915, 11983 ;-- CL 1929, 13419 ;-- CL 1948, 566.135
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › R.S. of 1846 - Revised Statutes of 1846 (566.131 - 566.146) › R-S-1846-566-131-81 - Chapter 81 Chapter 81. of Fraudulent Conveyances and Contracts, Relative to Goods, Chattels, and Things in Action. (566.131...566.146) › Section 566.136 - Consideration; Evidence.

566.136 Consideration; evidence.
Sec. 6.
The consideration of any contract, agreement or promise required by this chapter to be in writing, need not be expressed in the written contract, agreement or promise, or in any note or memorandum thereof, but may be proved by any other legal evidence.
History:
R.S. 1846, Ch. 81 ;-- CL 1857, 3187 ;-- CL 1871, 4702 ;-- How. 6189 ;-- CL 1897, 9519 ;-- CL 1915, 11984 ;-- CL 1929, 13420 ;-- CL 1948, 566.136
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › R.S. of 1846 - Revised Statutes of 1846 (566.131 - 566.146) › R-S-1846-566-131-81 - Chapter 81 Chapter 81. of Fraudulent Conveyances and Contracts, Relative to Goods, Chattels, and Things in Action. (566.131...566.146) › Section 566.137-566.146 - Repealed. 1962, Act 174, Eff. Jan. 1, 1964.

566.137-566.146 Repealed. 1962, Act 174, Eff. Jan. 1, 1964.
Compiler's Notes:
The repealed sections pertained to fraudulent conveyances and contracts with respect to goods, chattels, and things in action.
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › Repealed - Act 57 of 1877 - Foreclosure of Chattel Mortgage or Pledge (566.191 - 566.191)

FORECLOSURE OF CHATTEL MORTGAGE OR PLEDGE
Act 57 of 1877
566.191 Repealed. 1962, Act 174, Eff. Jan. 1, 1964.
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › Repealed - Act 117 of 1881 - Discharge of Chattel Mortgages (566.201 - 566.202)

DISCHARGE OF CHATTEL MORTGAGES
Act 117 of 1881
566.201-566.202 Repealed. 1962, Act 174, Eff. Jan. 1, 1964.
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › R.S. of 1846 - Revised Statutes of 1846 (566.221 - 566.226) › R-S-1846-566-221-82 - Chapter 82 Chapter 82. General Provisions Relating to Fraudulent Conveyances and Contracts. (566.221...566.226) › Section 566.221 - Acts to Hinder or Defraud Creditors; Invalidity.

566.221 Acts to hinder or defraud creditors; invalidity.
Sec. 1.
Every conveyance or assignment, in writing or otherwise, of any estate or interest in lands, or in goods or things in action, or of any rents or profits issuing therefrom, and any charge upon lands, goods or things in action, or upon the rents or profits thereof, made with the intent to hinder, delay or defraud creditors or other persons of their lawful suits, damages, forfeitures, debts or demands, and every bond or other evidence of debt given, suit commenced, decree or judgment suffered, with the like intent, as against the persons so hindered, delayed or defrauded, shall be void.
History:
R.S. 1846, Ch. 82 ;-- CL 1857, 3198 ;-- CL 1871, 4713 ;-- How. 6203 ;-- CL 1897, 9533 ;-- CL 1915, 11998 ;-- CL 1929, 13434 ;-- CL 1948, 566.221
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › R.S. of 1846 - Revised Statutes of 1846 (566.221 - 566.226) › R-S-1846-566-221-82 - Chapter 82 Chapter 82. General Provisions Relating to Fraudulent Conveyances and Contracts. (566.221...566.226) › Section 566.222 - Grant or Assignment of Trust to Be in Writing.

566.222 Grant or assignment of trust to be in writing.
Sec. 2.
Every grant or assignment of any existing trust in lands, goods or things in action, unless the same shall be in writing and signed by the party making the same, or by his agent lawfully authorized, shall be void.
History:
R.S. 1846, Ch. 82 ;-- CL 1857, 3199 ;-- CL 1871, 4714 ;-- How. 6204 ;-- CL 1897, 9534 ;-- CL 1915, 11999 ;-- CL 1929, 13435 ;-- CL 1948, 566.222
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › R.S. of 1846 - Revised Statutes of 1846 (566.221 - 566.226) › R-S-1846-566-221-82 - Chapter 82 Chapter 82. General Provisions Relating to Fraudulent Conveyances and Contracts. (566.221...566.226) › Section 566.223 - Acts Void as Against Heirs or Assigns of Creditor and Purchaser.

566.223 Acts void as against heirs or assigns of creditor and purchaser.
Sec. 3.
Every conveyance, charge, instrument or proceeding, declared by law to be void as against creditors or purchasers, shall be equally void as against the heirs, successors, personal representatives or assigns of such creditors or purchasers.
History:
R.S. 1846, Ch. 82 ;-- CL 1857, 3200 ;-- CL 1871, 4715 ;-- How. 6205 ;-- CL 1897, 9535 ;-- CL 1915, 12000 ;-- CL 1929, 13436 ;-- CL 1948, 566.223
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › R.S. of 1846 - Revised Statutes of 1846 (566.221 - 566.226) › R-S-1846-566-221-82 - Chapter 82 Chapter 82. General Provisions Relating to Fraudulent Conveyances and Contracts. (566.221...566.226) › Section 566.224 - Fraudulent Intent; Question of Fact.

566.224 Fraudulent intent; question of fact.
Sec. 4.
The question of fraudulent intent, in all cases arising under this, or either of the last 2 preceding chapters, shall be deemed a question of fact and not of law.
History:
R.S. 1846, Ch. 82 ;-- CL 1857, 3201 ;-- CL 1871, 4716 ;-- How. 6206 ;-- CL 1897, 9536 ;-- CL 1915, 12001 ;-- CL 1929, 13437 ;-- CL 1948, 566.224
Compiler's Notes:
For provisions of “the last 2 preceding chapters,” referred to in this section, see MCL 566.131 et seq. and MCL 566.101 et seq.
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › R.S. of 1846 - Revised Statutes of 1846 (566.221 - 566.226) › R-S-1846-566-221-82 - Chapter 82 Chapter 82. General Provisions Relating to Fraudulent Conveyances and Contracts. (566.221...566.226) › Section 566.225 - Purchaser Without Notice; Protection.

566.225 Purchaser without notice; protection.
Sec. 5.
None of the provisions of this, or the last 2 preceding chapters, shall be construed, in any manner to affect or impair the title of a purchaser for a valuable consideration unless it shall appear that he had previous notice of the fraudulent intent of his immediate grantor, or of the fraud rendering void the title of such grantor.
History:
R.S. 1846, Ch. 82 ;-- CL 1857, 3202 ;-- CL 1871, 4717 ;-- How. 6207 ;-- CL 1897, 9537 ;-- CL 1915, 12002 ;-- CL 1929, 13438 ;-- CL 1948, 566.225
Compiler's Notes:
For provisions of “the last 2 preceding chapters,” referred to in this section, see MCL 566.131 et seq. and MCL 566.101 et seq.
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › R.S. of 1846 - Revised Statutes of 1846 (566.221 - 566.226) › R-S-1846-566-221-82 - Chapter 82 Chapter 82. General Provisions Relating to Fraudulent Conveyances and Contracts. (566.221...566.226) › Section 566.226 - Conveyance; Definition.

566.226 Conveyance; definition.
Sec. 6.
The term "conveyance," as used in this and the preceding eightieth chapter, shall be construed to embrace every instrument in writing, except a last will and testament, whatever may be the form of such instrument, and by whatever name it may be known in law, by which any estate or interest in lands is created, aliened, assigned or surrendered.
History:
R.S. 1846, Ch. 82 ;-- CL 1857, 3203 ;-- CL 1871, 4718 ;-- How. 6208 ;-- CL 1897, 9538 ;-- CL 1915, 12003 ;-- CL 1929, 13439 ;-- CL 1948, 566.226
Compiler's Notes:
For provisions of the “eightieth chapter,” referred to in this section, see MCL 566.101 et seq.
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › Act 305 of 1937 - Automobile Accessories; Recording Chattel Mortgages and Conditional Sales Contracts (566.251 - 566.253) › Section 566.251 - Automobile Accessories Sold Upon Chattel Mortgage or Conditional Sale; Vendor to Forward Title and Copy of Mortgage to Secretary of State; Fee.

566.251 Automobile accessories sold upon chattel mortgage or conditional sale; vendor to forward title and copy of mortgage to secretary of state; fee.
Sec. 1.
Any person, firm or corporation selling to any owner of a motor vehicle which has heretofore or is hereafter issued a Michigan certificate of title as provided by Act No. 46 of the Public Acts of 1921, as amended, any accessory, equipment, additional part or replacement part for said motor vehicle, and securing the payment of same by the taking of a chattel mortgage, conditional sales contract or title retaining note upon such motor vehicle, shall at the time such sale is consummated furnish the purchaser a statement of said sale giving substantially the following information: date of sale; amount of chattel mortgage, conditional sales contract or title retaining note; accessory, additional part or replacement part sold and date of final payment of said chattel mortgage, conditional sales contract or title retaining note and shall immediately forward to the secretary of state the certificate of title of the purchaser and a true copy of the chattel mortgage, conditional sales contract or title retaining note, together with the sum of 50 cents to be paid by the purchaser of such accessory, additional part or replacement part.
History:
1937, Act 305, Imd. Eff. July 23, 1937 ;-- Am. 1941, Act 202, Eff. Jan. 10, 1942 ;-- CL 1948, 566.251
Compiler's Notes:
Act 46 of 1921, referred to in this section, was repealed by Act 300 of 1949.
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › Act 305 of 1937 - Automobile Accessories; Recording Chattel Mortgages and Conditional Sales Contracts (566.251 - 566.253) › Section 566.252 - Automobile Accessories Sold Upon Chattel Mortgage or Conditional Sale; Recording Upon Title; Additional Information.

566.252 Automobile accessories sold upon chattel mortgage or conditional sale; recording upon title; additional information.
Sec. 2.
Upon receipt of such certificate of title and such true copy of the chattel mortgage, conditional sales contract or title retaining note by the secretary of state, accompanied by the fee of 50 cents, the secretary of state shall record upon the certificate of title in a suitable place the information contained in said chattel mortgage, conditional sales contract or title retaining note. The secretary of state may require such additional information as he deems necessary to fairly state the essential provisions of said chattel mortgage, conditional sales contract or title retaining note and after recording said chattel mortgage, conditional sales contract or title retaining note upon the certificate of title, return same to the owner thereof.
History:
1937, Act 305, Imd. Eff. July 23, 1937 ;-- Am. 1941, Act 202, Eff. Jan. 10, 1942 ;-- CL 1948, 566.252
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › Act 305 of 1937 - Automobile Accessories; Recording Chattel Mortgages and Conditional Sales Contracts (566.251 - 566.253) › Section 566.253 - Automobile Accessories Sold Upon Chattel Mortgage or Conditional Sale; Invalid Against Bona Fide Purchaser Unless Recorded.

566.253 Automobile accessories sold upon chattel mortgage or conditional sale; invalid against bona fide purchaser unless recorded.
Sec. 3.
No chattel mortgage, conditional sales contract or title retaining note upon any motor vehicle taken to secure the payment of the purchase price of the sale of any accessory, equipment, additional part or replacement part, shall be valid as against any subsequent purchaser of any motor vehicle heretofore or hereafter titled under the Michigan certificate of title law or against any person, firm or corporation loaning money on said motor vehicle subsequent to such sale unless the provisions of this act have been fully complied with by the seller as herein provided and no civil action of any nature shall lie or be maintained in any court of the state against such subsequent purchaser or mortgagee unless such chattel mortgage, conditional sales contract or title retaining note shall have been recorded upon the purchaser's certificate of title at the time and in the manner herein provided.
History:
1937, Act 305, Imd. Eff. July 23, 1937 ;-- Am. 1941, Act 202, Eff. Jan. 10, 1942 ;-- CL 1948, 566.253
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › Act 305 of 1939 - Motor Vehicle Installment Sales Contracts (566.301 - 566.314) › Section 566.303-566.314 - Repealed. 1962, Act 174, Eff. Jan. 1, 1964.

566.303-566.314 Repealed. 1962, Act 174, Eff. Jan. 1, 1964.
Compiler's Notes:
The repealed sections provided for regulation of retail installment sales contracts covering motor vehicles.
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › Repealed - Act 290 of 1939 - Foreclosure of Chattel Mortgages (566.401 - 566.412)

FORECLOSURE OF CHATTEL MORTGAGES
Act 290 of 1939
566.401-566.412 Repealed. 1962, Act 174, Eff. Jan. 1, 1964.
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › Repealed - Act 187 of 1943 - Mortgage or Pledge of Securities (566.501 - 566.501)

MORTGAGE OR PLEDGE OF SECURITIES
Act 187 of 1943
566.501 Repealed. 1962, Act 174, Eff. Jan. 1, 1964.
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › Act 331 of 1937 - Correspondence School Contracts (566.551 - 566.552) › Section 566.551 - Contracts With Correspondence Schools; Construction, Negotiability.

566.551 Contracts with correspondence schools; construction, negotiability.
Sec. 1.
Any contract for the furnishing of a course of study or the sale of books or rendering other service in connection therewith by a correspondence school which is signed by the other party to such contract in this state shall for the purpose of this act be deemed to have been completely executed in this state and the validity of any such contract shall be determined by the laws of this state. Every assignee or other transferee of any such contract or other instrument, whether or not such instrument is negotiable and regardless of the person to whom such instrument is made payable, which is executed by such other party either in payment of, or as evidence of, or as security for the consideration which under such contract such other party is required to pay, or any part thereof, shall be conclusively presumed to have had knowledge at the time of the transfer of such instrument to him of any defense the maker thereof would have had as against the other party to such contract or instrument, which defense shall be available to him as defense in such action.
History:
1937, Act 331, Imd. Eff. July 24, 1937 ;-- CL 1948, 566.551
2023 Michigan Compiled Laws › Chapter 566 - Fraudulent Conveyances and Contracts › Act 331 of 1937 - Correspondence School Contracts (566.551 - 566.552) › Section 566.552 - Correspondence School Contracts; Definitions.

566.552 Correspondence school contracts; definitions.
Sec. 2.
As used in this act the following terms shall have the meaning respectively ascribed to them in this section except in such case as the context clearly indicates a different meaning:
(a) "Correspondence school." Any school, preparatory school, business school, college, academy, university, other institution or any person that teaches or undertakes or proposes to teach students or renders any educational service or undertakes or proposes to prepare such students to study or furnishes or undertakes to furnish to any person a course of study, through the use of United States mail, express or other common carrier or by any means of communication other than resident instruction, and
(b) "Course of study" shall include education, teaching or instruction in any subject of general, business or professional education.
(c) "Owner." The person, partnership, association or corporation which owns or operates any correspondence school regardless of whether or not such school or the principal place of business thereof is located within or without the state of Michigan, or in case the same is owned by a natural person or partnership as to whether or not the owner or owners reside within the state of Michigan, or in case of an association or corporation, whether or not the same is organized or incorporated under the laws of the state of Michigan or some other state, and whether or not such corporation or association is authorized to do business in the state of Michigan.
(d) "Person" shall include a natural person, partnership, association and corporation.
The singular of any word shall include the plural and the plural of any word shall include the singular. Each gender shall include each of the other 2 genders.
History:
1937, Act 331, Imd. Eff. July 24, 1937 ;-- CL 1948, 566.552
2023 Michigan Compiled Laws › Chapter 567 - Escheats › Repealed - Act 151 of 1846 - Trustees of Escheated Property (567.1 - 567.1)

TRUSTEES OF ESCHEATED PROPERTY
Act 151 of 1846
567.1 Repealed. 1965, Act 17, Imd. Eff. Apr. 22, 1965.
2023 Michigan Compiled Laws › Chapter 567 - Escheats › Repealed - Act 329 of 1947 - The Michigan Code of Escheats (567.11 - 567.76)

THE MICHIGAN CODE OF ESCHEATS
Act 329 of 1947
567.11-567.76 Repealed. 1965, Act 17, Imd. Eff. Apr. 22, 1965;—1995, Act 29, Eff. Mar. 28, 1996.
2023 Michigan Compiled Laws › Chapter 567 - Escheats › Repealed - Act 186 of 1943 - Disposal of Certain State Asset Lands (567.101 - 567.104)

DISPOSAL OF CERTAIN STATE ASSET LANDS
Act 186 of 1943
567.101-567.104 Repealed. 1980, Act 180, Imd. Eff. July 2, 1980.
2023 Michigan Compiled Laws › Chapter 567 - Escheats › Repealed - Act 63 of 1949 - Unclaimed Personal Property (567.201 - 567.206)

UNCLAIMED PERSONAL PROPERTY
Act 63 of 1949
567.201-567.206 Repealed. 1991, Act 76, Imd. Eff. July 11, 1991.
2023 Michigan Compiled Laws › Chapter 567 - Escheats › Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265) › Section 567.221 - Short Title.

567.221 Short title.
Sec. 1.
This act shall be known and may be cited as the "uniform unclaimed property act".
History:
1995, Act 29, Eff. Mar. 28, 1996
2023 Michigan Compiled Laws › Chapter 567 - Escheats › Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265) › Section 567.223 - Unclaimed Property Held in Ordinary Course of Business; Presumption.

567.223 Unclaimed property held in ordinary course of business; presumption.
Sec. 3.
(1) Except as otherwise provided by this act, all property, including any income or increment derived from the property, less any lawful charges, that is held, issued, or owing in the ordinary course of a holder's business and remains unclaimed by the owner for more than 3 years after it becomes payable or distributable is presumed abandoned.
(2) Property is payable or distributable for the purpose of this act, notwithstanding the owner's failure to make demand or to present any instrument or document required to receive payment.
History:
1995, Act 29, Eff. Mar. 28, 1996 ;-- Am. 2010, Act 197, Imd. Eff. Oct. 5, 2010
Compiler's Notes:
Enacting section 1 of Act 197 of 2010 provides:"Enacting section 1. This amendatory act applies to property presumed abandoned and subject to the state's custody as unclaimed property under this act reportable to the state for any period ending after June 30, 2010."
2023 Michigan Compiled Laws › Chapter 567 - Escheats › Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265) › Section 567.224 - Unclaimed Property; Conditions; Requirements.

567.224 Unclaimed property; conditions; requirements.
Sec. 4.
Unless otherwise provided in this act or by law, property is subject to the custody of this state as unclaimed property, if the conditions raising a presumption of abandonment under sections 3 and 6 to 17 are satisfied and 1 or more of the following requirements are met:
(a) The last known address, as shown on the records of the holder, of the apparent owner is in this state.
(b) The records of the holder do not reflect the identity of the person entitled to the property and it is established that the last known address of the person entitled to the property is in this state.
(c) The records of the holder do not reflect the last known address of the apparent owner, and 1 of the following is established:
(i) That the last known address of the person entitled to the property is in this state.
(ii) That the holder is domiciled in this state or is a government or governmental subdivision or agency of this state and has not previously paid or delivered the property to the state of the last known address of the apparent owner or other person entitled to the property.
(d) The last known address, as shown on the records of the holder, of the apparent owner is in a state that does not provide by law for the escheat or custodial taking of the property or its escheat or unclaimed property law is not applicable to the property and the holder is domiciled in this state or is a government or governmental subdivision or agency of this state.
(e) The last known address, as shown on the records of the holder, of the apparent owner is in a foreign nation and the holder is domiciled in this state or is a government or governmental subdivision or agency of this state.
(f) The transaction out of which the property arose occurred in this state, and both of the following are established:
(i) The last known address of the apparent owner or other person entitled to the property is unknown or is in a state that does not provide by law for the escheat or custodial taking of the property or its escheat or unclaimed property law is not applicable to the property.
(ii) The holder is domiciled in a state that does not provide by law for the escheat or custodial taking of the property or its escheat or unclaimed property law is not applicable to the property.
History:
1995, Act 29, Eff. Mar. 28, 1996
2023 Michigan Compiled Laws › Chapter 567 - Escheats › Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265) › Section 567.224a - Exception.

567.224a Exception.
Sec. 4a.
(1) Except as provided in subsection (2), property is not subject to the custody of this state as unclaimed property if its value is $25.00 or less.
(2) Subsection (1) does not apply to property described in section 11a or dividends.
History:
Add. 2015, Act 242, Imd. Eff. Dec. 22, 2015
Compiler's Notes:
Enacting section 1 of Act 242 of 2015 provides:"Enacting section 1. This amendatory act is retroactive and applies to audits in progress as of August 15, 2015, but does not retroactively apply to contested determinations in litigation before the date of enactment of this amendatory act."
2023 Michigan Compiled Laws › Chapter 567 - Escheats › Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265) › Section 567.225 - Outstanding Travelers Checks, Money Orders, or Similar Written Instruments.

567.225 Outstanding travelers checks, money orders, or similar written instruments.
Sec. 5.
(1) Subject to subsection (4), any sum payable on a travelers check that is outstanding for more than 15 years after its issuance is presumed abandoned unless the owner, within 15 years, has communicated in writing with the issuer concerning it or otherwise indicated an interest as evidenced by a memorandum or other record on file prepared by an employee of the issuer.
(2) Subject to subsection (4), any sum payable on a money order or similar written instrument, other than a third party bank check, that is outstanding for more than 3 years after its issuance is presumed abandoned unless the owner, within 3 years, has communicated in writing with the issuer concerning it or otherwise indicated an interest as evidenced by a memorandum or other record on file prepared by an employee of the issuer.
(3) A holder may not deduct from the amount of a travelers check or money order any charge imposed by reason of the failure to present the instrument for payment unless there is an enforceable written contract between the issuer and the owner of the instrument under which the issuer may impose a charge and the issuer regularly imposes such charges and does not regularly reverse or otherwise cancel them.
(4) A sum payable on a travelers check, money order, or similar written instrument, other than a third party bank check, described in subsections (1) and (2) may not be subjected to the custody of this state as unclaimed property unless 1 or more of the following requirements are met:
(a) The records of the issuer show that the travelers check, money order, or similar written instrument was purchased in this state.
(b) The issuer has its principal place of business in this state and the records of the issuer do not show the state in which the travelers check, money order, or similar written instrument was purchased.
(c) The issuer has its principal place of business in this state, the records of the issuer show the state in which the travelers check, money order, or similar written instrument was purchased and the laws of the state of purchase do not provide for the escheat or custodial taking of the property or its escheat or unclaimed property law is not applicable to the property.
(5) Notwithstanding any other provision of this act, subsection (4) applies to sums payable on travelers checks, money orders, and similar written instruments presumed abandoned on or after February 1, 1965, except to the extent that those sums have been paid over to a state prior to January 1, 1974.
History:
1995, Act 29, Eff. Mar. 28, 1996 ;-- Am. 2010, Act 197, Imd. Eff. Oct. 5, 2010
Compiler's Notes:
Enacting section 1 of Act 197 of 2010 provides:"Enacting section 1. This amendatory act applies to property presumed abandoned and subject to the state's custody as unclaimed property under this act reportable to the state for any period ending after June 30, 2010."
2023 Michigan Compiled Laws › Chapter 567 - Escheats › Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265) › Section 567.226 - Outstanding Checks, Drafts, or Similar Instruments.

567.226 Outstanding checks, drafts, or similar instruments.
Sec. 6.
(1) Any sum payable on a check, draft, or similar instrument, except those subject to section 5, on which a banking or financial organization is directly liable, including a cashier's check and a certified check, which is outstanding for more than 3 years after it was payable or after its issuance if payable on demand, is presumed abandoned, unless the owner, within 3 years, has communicated in writing with the banking or financial organization concerning it or otherwise indicated an interest as evidenced by a memorandum or other record on file prepared by an employee of the banking or financial organization.
(2) A holder may not deduct from the amount of any instrument subject to this section any charge imposed by reason of the failure to present the instrument for payment unless there is an enforceable written contract between the holder and the owner of the instrument under which the holder may impose a charge, and the holder regularly imposes such charges and does not regularly reverse or otherwise cancel them.
History:
1995, Act 29, Eff. Mar. 28, 1996 ;-- Am. 2010, Act 197, Imd. Eff. Oct. 5, 2010
Compiler's Notes:
Enacting section 1 of Act 197 of 2010 provides:"Enacting section 1. This amendatory act applies to property presumed abandoned and subject to the state's custody as unclaimed property under this act reportable to the state for any period ending after June 30, 2010."
2023 Michigan Compiled Laws › Chapter 567 - Escheats › Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265) › Section 567.228a - Unclaimed Prepaid Funeral Contract.

567.228a Unclaimed prepaid funeral contract.
Sec. 8a.
(1) Funds held by a provider under the prepaid funeral contract funding act, 1986 PA 255, MCL 328.211 to 328.235, that remain unclaimed for a period of 3 years after the death of the contract beneficiary or, if no contract beneficiary has been designated under the prepaid funeral contract, 3 years after the death of the owner of the prepaid funeral contract are presumed abandoned.
(2) Funds held pursuant to 1954 PA 70, MCL 328.201 to 328.204, are presumed abandoned, after a period of 3 years, unless the owner or person entitled to the funds has communicated in writing with the banking or financial organization concerning the funds or otherwise indicated in interest as evidenced by a memorandum or other record on file prepared by an employee of the banking or financial organization.
History:
1995, Act 29, Eff. Mar. 28, 1996 ;-- Am. 2010, Act 197, Imd. Eff. Oct. 5, 2010
Compiler's Notes:
Enacting section 1 of Act 197 of 2010 provides:"Enacting section 1. This amendatory act applies to property presumed abandoned and subject to the state's custody as unclaimed property under this act reportable to the state for any period ending after June 30, 2010."