{"data":{"id":"us-mi/mich.-comp.-laws-600.5241","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 600.5241","heading":"Circuit courts; jurisdiction; supervisory powers; specific powers; examination; assignor and others; assignee; orders; circuit court commissioner.","body":"Sec. 5241.\n\nCircuit courts have original jurisdiction to hear and determine matters concerning assignments, commonly called common law assignments for the benefit of creditors, according to the following provisions.\n\nThe circuit court of the county where the assignor resides, or if the assignor is not a resident of the state then the circuit court of the county where the assigned property is principally located, has supervisory power over all matters, questions, and disputes arising under all those assignments commonly called common law assignments for the benefit of creditors, except as otherwise provided.\n\nUpon the application of the assignee or of any other interested person the proper circuit court may make all necessary and proper orders for:\n\nthe management and disposition of the assigned property;\n\nthe allowance of claims;\n\nthe re-examination of claims;\n\nthe distribution of the assets and avails;\n\nthe recovery of all property claimed by third persons;\n\nthe prevention of any fraudulent transfer or change in the property or effects of the assignor or the allowance or payment of any unjust or fraudulent claims;\n\nthe furnishing from time to time of new bonds or sureties who shall qualify under the court rules, and\n\nthe removal of any assignee for cause and the appointment of a successor to any assignee who dies, resigns, or is removed.\n\nOn the application of the assignee or any creditor the judge of this court may require the assignor or any other person to appear before him on reasonable notice and submit to examination under oath upon all matters relating to:\n\nthe disposal of the property of the assignor;\n\nthe assignor's trade and dealings with others and his accounts concerning his trade and dealings with others;\n\nall debts due or claimed from the assignor;\n\nany and all other matters concerning the assignor's property and estate or the concealment and embezzlement of his property and estate, and\n\nthe due settlement of the estate according to law. At the request of any party to the proceedings the examination may be reduced to writing and filed with the clerk of the county.\n\nAt the request of any party to the proceedings the examination may be reduced to writing and filed with the clerk of the county.\n\nAt any time before the final settlement of the accounts of the assignee the judge of the proper circuit court may require the attendance of and examine the assignee as to all matters appertaining to the estate of the assignor or the administration of the trust, and upon the examination he may make any order which he deems proper in regard to costs.\n\nNo power conferred upon the judge by the above subsections (1) through (4) shall be exercised by a circuit court commissioner except under a special reference made by the court.","path":["MI Code","Chapter 600","Act Act-236-of-1961"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-600-5241","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"9cbc1bd26162205c722f91f7daaa54a7862ef57cc03ce0e1f9cff9e14510f91f","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-600.524","next":"us-mi/mich.-comp.-laws-600.5245"},"notice":"GroundRules: Original legal text. Not legal advice."}