Section 207.527 - Bankruptcy or insolvency proceeding; exemption from tax.

STATE REAL ESTATE TRANSFER TAX ACT (EXCERPT)
Act 330 of 1993

207.527 Bankruptcy or insolvency proceeding; exemption from tax.

Sec. 7.

A tax is not imposed by this act upon a written instrument that conveys or transfers property or an interest in the property to a receiver, administrator, or trustee, whether special or general, in a bankruptcy or insolvency proceeding.


History: 1993, Act 330, Eff. Apr. 1, 1994