Statutes, codes, and regulations
Michigan Compiled Laws
Chapter 555 - USES AND TRUSTS
OF USES AND TRUSTS
Section 555.8 - Payment of consideration for conveyance to another; presumption as fraudulent; resulting trust for creditors of payee

Mich. Comp. Laws § 555.8

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Current through Public Act 39 of the 2024 Legislative Session
Section 555.8 - Payment of consideration for conveyance to another; presumption as fraudulent; resulting trust for creditors of payee

Every such conveyance shall be presumed fraudulent, as against the creditors of the person paying the consideration; and when a fraudulent intent is not disproved, a trust shall result in favor of such creditors, to the extent that may be necessary to satisfy their just demands.

MCL 555.8

R.S. 1846, Ch. 63 ;--CL 1857, 2638 ;--CL 1871, 4121 ;--How. 5570 ;--CL 1897, 8836 ;--CL 1915, 11572 ;--CL 1929, 12974 ;--CL 1948, 555.8.