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44 chapters · 194 sections in this title.
Mich. Comp. Laws § 565.81 Oil and gas assignment; security for indebtedness.
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Sec. 1. Hereafter, in or in connection with any existing or future mortgage or deed of trust, it shall be lawful to assign in the mortgage or in a separate written instrument or instruments signed, sealed, acknowledged and proved in the same manner as deeds, all or any part of th…
Mich. Comp. Laws § 565.82 Oil and gas assignment; time of operation.
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Sec. 2. The assignment may contain provisions making it immediately operative, or operative only upon the happening of an event of default as described in the assignment or in the mortgage or deed of trust, or operative at such time as the mortgagee or trustee named in the mortga…
Mich. Comp. Laws § 565.83 Oil and gas assignment; validity; certified copy; service on pipe line company.
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Sec. 3. The assignment shall become and be and remain effective and a good and valid assignment as against all persons, including the mortgagor or those claiming under or through him, from and after the date of execution and delivery thereof, subject however, as in the case of co…
Mich. Comp. Laws § 565.84 Oil and gas assignment; duration of effectiveness.
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Sec. 4. The assignment shall become and be and remain in full force and effect until all of the indebtedness secured by the mortgage or deed of trust is fully paid, satisfied and discharged and the effectiveness in nowise shall be limited, suspended, revoked, or terminated by the…