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Form a Business

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

MCL 554.1015
in effect
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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. 2018, Act 16, Eff. May 7, 2018; Am. 2020, Act 210, Imd. Eff. Oct. 15, 2020
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-554-1015Fetched: 10/20/2026

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