Statutes, codes, and regulations
Michigan Compiled Laws
Chapter 555 - USES AND TRUSTS
OF USES AND TRUSTS
Section 555.7 - Payment of consideration for conveyance to another; resulting trust, alienee title

Mich. Comp. Laws § 555.7

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Current through Public Act 151 of the 2024 Legislative Session
Section 555.7 - Payment of consideration for conveyance to another; resulting trust, alienee title

When a grant for a valuable consideration shall be made to 1 person, and the consideration therefor shall be paid by another, no use or trust shall result in favor of the person by whom such payment shall be made; but the title shall vest in the person named as the alienee in such conveyance, subject only to the provisions of the next section.

MCL 555.7

R.S. 1846, Ch. 63 ;--CL 1857, 2637 ;--CL 1871, 4120 ;--How. 5569 ;--CL 1897, 8835 ;--CL 1915, 11571 ;--CL 1929, 12973 ;--CL 1948, 555.7.