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Form a Business

Bankruptcy or insolvency proceeding; exemption from tax.

MCL 207.527
in effect
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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. 1993, Act 330, Eff. Apr. 1, 1994
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-207-527Fetched: 10/20/2026

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