Michigan Code § 500.8144

Distributions; Manner of Payment; Distribution of Assets in Kind.
Open in Lexace · Ask the AI about this section
Sec. 8144.
Under the court's direction, the liquidator shall pay distributions in a manner that will assure the proper recognition of priorities and a reasonable balance between the expeditious completion of the liquidation and the protection of unliquidated and undetermined claims, including third party claims. Distribution of assets in kind may be made at valuations set by agreement between the liquidator and the creditor and approved by the court.
History: Add. 1989, Act 302, Imd. Eff. Jan. 3, 1990 Popular Name: Act 218

‹ Prev All Michigan sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.