Michigan § 600.5235 - Set-off of mutual debts and credits.
Full text of Michigan Michigan Compiled Laws § 600.5235 — Set-off of mutual debts and credits., with citation guidance and answers to common questions.
§ 600.5235. Set-off of mutual debts and credits.
In all cases of mutual debts or mutual credits between the estate of an assignor and a creditor, the account shall be stated and 1 debt shall be set off against the other and the balance only shall be allowed or paid. A set-off or counter claim shall not be allowed in favor of any debtor of the assignor which is not provable against his estate, or which was purchased by or transferred to such debtor after the filing of the assignment or prior to the filing thereof with a view to such use and with knowledge or notice that such assignor was insolvent.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 600.5235
What does Michigan Compiled Laws § 600.5235 cover?
Section 600.5235 ("Set-off of mutual debts and credits.") 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 § 600.5235?
A common citation format is "Michigan Compiled Laws § 600.5235" (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 § 600.5235 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.