Michigan Compiled Laws § 500.8144 Distributions; Manner Of Payment; Distribution Of Assets In Kind.

500.8144 Distributions; manner of payment; distribution of assets in kind.

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

Section: Previous  500.8138  500.8139  500.8140  500.8141  500.8141a  500.8142  500.8143  500.8144  500.8145  500.8146  500.8147  500.8148  500.8149  500.8150  500.8151  Next

Last modified: October 10, 2016