Michigan § 554.1031 - Fees and expenses.
Full text of Michigan Michigan Compiled Laws § 554.1031 — Fees and expenses., with citation guidance and answers to common questions.
§ 554.1031. Fees and expenses.
(1) The court may award a receiver from receivership property the reasonable and necessary fees and expenses of performing the duties of the receiver and exercising the powers of the receiver.
(2) The court may order 1 or more of the following to pay the reasonable and necessary fees and expenses of the receivership, including reasonable attorney fees and costs and any fees and expenses of professionals engaged under section 15:
(a) A person that requested the appointment of the receiver, if the receivership does not produce sufficient funds to pay the fees and expenses.
(b) A person whose conduct justified or would have justified the appointment of the receiver under section 6(1)(a).
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 554.1031
What does Michigan Compiled Laws § 554.1031 cover?
Section 554.1031 ("Fees and expenses.") 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 § 554.1031?
A common citation format is "Michigan Compiled Laws § 554.1031" (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 § 554.1031 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.