Michigan § 487.3510 - Insolvency; transfer of assets null and void.
Full text of Michigan Michigan Compiled Laws § 487.3510 — Insolvency; transfer of assets null and void., with citation guidance and answers to common questions.
§ 487.3510. Insolvency; transfer of assets null and void.
A transfer of any assets of a savings bank to its shareholders or members, or to its creditors made after the commission of an act of insolvency or made in contemplation of insolvency, with a view to preventing the application of its assets in the manner prescribed by this act, or with a view to the preference of 1 creditor over another, is null and void.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 487.3510
What does Michigan Compiled Laws § 487.3510 cover?
Section 487.3510 ("Insolvency; transfer of assets null and void.") 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 § 487.3510?
A common citation format is "Michigan Compiled Laws § 487.3510" (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 § 487.3510 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.