Sec. 5. (1) Except as provided in this act, the procedure for the selection, appointment, removal, and compensation of a receiver, or a professional engaged under section 15, under this act is as established by the court rules. (2) The court that appoints a receiver under this act has exclusive jurisdiction to direct the receiver and determine any controversy related to the receivership or receivership property.
Mich. Comp. Laws § 554.1015
Selection, appointment, removal, and compensation of receiver; establishment by court rule; jurisdiction
Applied in 1 court decision — leading case In re Skymark Props. Ii, LLC (2019)
Most recently applied in In re Skymark Props. Ii, LLC (February 2019)
2018, Act 16, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.