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Michigan Legislature
Michigan Compiled Laws Complete Through PA 123 of 2019
House: Adjourned until Wednesday, December 11, 2019 10:00:00 AM
Senate: Adjourned until Wednesday, December 11, 2019 10:00:00 AM


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Act 228 of 1925
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RENTS AND PROFITS UNDER TRUST MORTGAGE

Act 228 of 1925

AN ACT to authorize the assignment of rents and profits of property mortgaged under a trust mortgage or deed of trust, to secure bonds or obligations issued or to be issued thereunder.


History: 1925, Act 228, Eff. Aug. 27, 1925


© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

DocumentTypeDescription
Section 554.211SectionAssignment of rents and profits under trust mortgage or deed; lawfulness.
Section 554.212SectionAssignment; validity against mortgagor and occupiers of premises.
Section 554.213SectionTrust mortgage; definition.
Section 554.214SectionEmergency legislation; immediate necessity; liberal construction.
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