Michigan § 567.257a - Exemptions; "association" defined.
Full text of Michigan Michigan Compiled Laws § 567.257a — Exemptions; "association" defined., with citation guidance and answers to common questions.
§ 567.257a. Exemptions; "association" defined.
(1) Except with respect to property described in sections 7 and 17, this act does not apply to any credit balances, overpayments, deposits, refunds, discounts, rebates, credit memos, or unidentified remittances created on or after April 1, 2009 and issued, held, due, or owing in any transactions between 2 or more associations. This exemption does not apply to outstanding checks, drafts, or other similar instruments.
(2) As used in this section, "association" means a business association, a public corporation, or any other commercial entity, including a sole proprietorship.
Frequently Asked Questions About Michigan § 567.257a
What does Michigan Compiled Laws § 567.257a cover?
Section 567.257a ("Exemptions; "association" defined.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 567.257a?
A common citation format is "Michigan Compiled Laws § 567.257a" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 567.257a apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.