Payment Discharges; Effect of Resident Creditor Notice - Mich. Comp. Laws Section 700.4202
Legal Research Home >
Michigan Laws > Estates And Protected Individuals Code > Payment Discharges; Effect of Resident Creditor Notice - Mich. Comp. Laws Section 700.4202
700.4202 Payment discharges; effect of resident creditor notice.
Sec. 4202.
(1) Payment or delivery made in good faith on the basis of proof of authority and a sworn statement as provided in section 4201 releases the debtor or person having possession of the personal property to the same extent as if payment or delivery is made to a local personal representative.
(2) Payment or delivery under section 4201 shall not be made if a resident creditor of the nonresident decedent notifies the debtor of the nonresident decedent or the person having possession of the personal property belonging to the nonresident decedent that the debt should not be paid nor the property delivered to the domiciliary foreign personal representative.
History: 1998, Act 386, Eff. Apr. 1, 2000
Popular Name: EPIC
Section: 700.3982 700.3983 700.3984 700.3987 700.3988 700.4101 700.4201 700.4202 700.4203 700.4204 700.4205 700.4301 700.4302 700.4303 700.4401
Last modified: March 17, 2013
|
