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Code · Michigan · Chapter 207 — Taxation

207.527 Bankruptcy or insolvency proceeding; exemption from tax.

57 words·~1 min read·/mi/chapter-207/207-527

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207.527 Bankruptcy or insolvency proceeding; exemption from tax.
Sec. 7.
A tax is not imposed by this act upon a written instrument that conveys or transfers property or an interest in the property to a receiver, administrator, or trustee, whether special or general, in a bankruptcy or insolvency proceeding.
History: 1993, Act 330, Eff. Apr. 1, 1994
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