Section 600.6027 - Homestead valued at more than $3,500; procedure. - Michigan Statutes

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REVISED JUDICATURE ACT OF 1961 (EXCERPT)
Act 236 of 1961

600.6027 Homestead valued at more than $3,500; procedure.

Sec. 6027.

If the homestead of any debtor is appraised at a value of more than $3,500.00, and cannot be divided, the debtor shall not for that reason lose the benefit of the exemption; but in such cases the officer shall deliver a notice, attached to a copy of the appraisal, to the debtor or to some of his family of suitable age to understand the nature thereof, that unless the debtor pay the officer the surplus over and above the $3,500.00, or the amount due on the execution within 60 days thereafter, the premises will be sold.

History: 1961, Act 236, Eff. Jan. 1, 1963 ;-- Am. 1963, 2nd Ex. Sess., Act 40, Eff. Dec. 27, 1963

State Codes and Statutes

Statutes > Michigan > Chapter-600 > Act-236-of-1961 > 236-1961-60 > Section-600-6027

REVISED JUDICATURE ACT OF 1961 (EXCERPT)
Act 236 of 1961

600.6027 Homestead valued at more than $3,500; procedure.

Sec. 6027.

If the homestead of any debtor is appraised at a value of more than $3,500.00, and cannot be divided, the debtor shall not for that reason lose the benefit of the exemption; but in such cases the officer shall deliver a notice, attached to a copy of the appraisal, to the debtor or to some of his family of suitable age to understand the nature thereof, that unless the debtor pay the officer the surplus over and above the $3,500.00, or the amount due on the execution within 60 days thereafter, the premises will be sold.

History: 1961, Act 236, Eff. Jan. 1, 1963 ;-- Am. 1963, 2nd Ex. Sess., Act 40, Eff. Dec. 27, 1963

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Statutes > Michigan > Chapter-600 > Act-236-of-1961 > 236-1961-60 > Section-600-6027

REVISED JUDICATURE ACT OF 1961 (EXCERPT)
Act 236 of 1961

600.6027 Homestead valued at more than $3,500; procedure.

Sec. 6027.

If the homestead of any debtor is appraised at a value of more than $3,500.00, and cannot be divided, the debtor shall not for that reason lose the benefit of the exemption; but in such cases the officer shall deliver a notice, attached to a copy of the appraisal, to the debtor or to some of his family of suitable age to understand the nature thereof, that unless the debtor pay the officer the surplus over and above the $3,500.00, or the amount due on the execution within 60 days thereafter, the premises will be sold.

History: 1961, Act 236, Eff. Jan. 1, 1963 ;-- Am. 1963, 2nd Ex. Sess., Act 40, Eff. Dec. 27, 1963