Section 557.25 - Married woman as surety for debt or obligation of other person; judgment against married woman; satisfaction. - Michigan Statutes

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Statutes > Michigan > Chapter-557 > Act-216-of-1981 > Section-557-25

RIGHTS AND LIABILITY OF MARRIED WOMEN (EXCERPT)
Act 216 of 1981

557.25 Married woman as surety for debt or obligation of other person; judgment against married woman; satisfaction.

Sec. 5.

A married woman may act as a surety for the debt or obligation of another person, including the debt of her husband, by signing a written instrument providing for the suretyship. A judgment entered against the married woman as a surety may be satisfied out of her separate property as described in section 1, whether or not the contract of suretyship benefits or concerns that separate property.

History: 1981, Act 216, Eff. Mar. 31, 1982

State Codes and Statutes

Statutes > Michigan > Chapter-557 > Act-216-of-1981 > Section-557-25

RIGHTS AND LIABILITY OF MARRIED WOMEN (EXCERPT)
Act 216 of 1981

557.25 Married woman as surety for debt or obligation of other person; judgment against married woman; satisfaction.

Sec. 5.

A married woman may act as a surety for the debt or obligation of another person, including the debt of her husband, by signing a written instrument providing for the suretyship. A judgment entered against the married woman as a surety may be satisfied out of her separate property as described in section 1, whether or not the contract of suretyship benefits or concerns that separate property.

History: 1981, Act 216, Eff. Mar. 31, 1982

State Codes and Statutes

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State Codes and Statutes

Statutes > Michigan > Chapter-557 > Act-216-of-1981 > Section-557-25

RIGHTS AND LIABILITY OF MARRIED WOMEN (EXCERPT)
Act 216 of 1981

557.25 Married woman as surety for debt or obligation of other person; judgment against married woman; satisfaction.

Sec. 5.

A married woman may act as a surety for the debt or obligation of another person, including the debt of her husband, by signing a written instrument providing for the suretyship. A judgment entered against the married woman as a surety may be satisfied out of her separate property as described in section 1, whether or not the contract of suretyship benefits or concerns that separate property.

History: 1981, Act 216, Eff. Mar. 31, 1982