Section 557.208 - Community property; conveyances or transfer between husband and wife; equity of creditors. - Michigan Statutes

MICHIGAN COMMUNITY PROPERTY ACT (EXCERPT)
Act 317 of 1947

***** 557.208 THIS SECTION WAS REPEALED BY ACT 39 OF 1948 (1ST EX. SESS.) EFFECTIVE MAY 10, 1948, SUBJECT TO SAVINGS PROVISIONS IN § 557.252 ET SEQ. *****

557.208 Community property; conveyances or transfer between husband and wife; equity of creditors.

Sec. 8.

The husband may give, grant, bargain, sell, or convey directly to his wife, and the wife may give, grant, bargain, sell, or convey directly to her husband or the husband and wife may give, grant, bargain, sell, or convey directly to themselves, his, her, or their community right, title, interest, or estate in all or any community property, real or personal. Every such transfer shall operate to divest the property therein described of every claim or demand as community property, and shall vest the same in the transferee or transferees as his, her, or their separate property, as the case may be. No such transfer shall affect any equity in favor of creditors existing at the time thereof.

History: 1947, Act 317, Imd. Eff. July 1, 1947 ;-- CL 1948, 557.208
Compiler's Notes: This act was repealed by MCL 557.251, subject to the saving provisions contained in MCL 557.252 et seq.