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Code · Michigan · Chapter 554 — Real and Personal Property

554.1015 Selection, appointment, removal, and compensation of receiver; establishment by court rule; jurisdiction.

99 words·~1 min read·/mi/chapter-554/554-1015

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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.
History: 2018, Act 16 , Eff. May 7, 2018 ;-- Am. 2020, Act 210 , Imd. Eff. Oct. 15, 2020
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