Execution; Homestead; Sale in Case Surplus Not Paid - Mich. Comp. Laws Section 600.6059
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Michigan Laws > Revised Judicature Act Of 1961 > Execution; Homestead; Sale in Case Surplus Not Paid - Mich. Comp. Laws Section 600.6059
600.6059 Execution; homestead; sale in case surplus not paid.
Sec. 6059.
In case the surplus, or the amount due on the execution or judgment is not paid according to the provisions of section 6027 of this chapter, it shall be lawful for the officer to advertise and sell the said premises, and out of the proceeds of said sale to pay such debtor the sum of $3,500.00, which shall be exempt from execution for 1 year thereafter, and apply the balance on said execution. No sale may be made in the case last mentioned, unless a greater sum than $3,500.00 is bid therefor, in which case the officer may return said execution for want of property, or report the facts to the court in which said judgment was rendered, as the case may require.
History: 1961, Act 236, Eff. Jan. 1, 1963
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Am. 1963, 2nd Ex. Sess., Act 40, Imd. Eff. Dec. 27, 1963
Section: 600.6051 600.6052 600.6053 600.6054 600.6055 600.6056 600.6057 600.6059 600.6060 600.6061 600.6062 600.6063 600.6064 600.6065 600.6066
Last modified: March 17, 2013
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