{"data":{"id":"us-mi/mich.-comp.-laws-487.3510","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 487.3510","heading":"Insolvency; transfer of assets null and void.","body":"Sec. 510.\n\nA 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.","path":["MI Code","Chapter 487","Act Act-354-of-1996"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-487-3510","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"0aeaae5099771bacfa03bd2e335e14cf1ebc10c3b10c6c1f3e0bd6dcc3b035d0","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-487.3509","next":"us-mi/mich.-comp.-laws-487.3511"},"notice":"GroundRules: Original legal text. Not legal advice."}