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Code · Michigan · Chapter 700 — Estates and Protected Individuals Code

700.3903 Indebtedness; set-off.

68 words·~1 min read·/mi/chapter-700/700-3903

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700.3903 Indebtedness; set-off.
Sec. 3903.
The amount of a successor's noncontingent indebtedness to the estate if due, or its present value if not due, shall be offset against the successor's interest. However, the successor has the benefit of a defense that would be available to the successor in a direct proceeding for recovery of the debt.
History: 1998, Act 386 , Eff. Apr. 1, 2000
Popular Name: EPIC
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