MCL - Section 555.7

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Chapter 555
R.S. of 1846
R-S-1846-555-1-63
R-S-1846-555-1-63-USES-AND-TRUSTS.
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Revised Statutes of 1846 (EXCERPT)
USES AND TRUSTS.


555.7 Payment of consideration for conveyance to another; resulting trust, alienee title.

Sec. 7.

     When a grant for a valuable consideration shall be made to 1 person, and the consideration therefor shall be paid by another, no use or trust shall result in favor of the person by whom such payment shall be made; but the title shall vest in the person named as the alienee in such conveyance, subject only to the provisions of the next section.


History: R.S. 1846, Ch. 63 ;-- CL 1857, 2637 ;-- CL 1871, 4120 ;-- How. 5569 ;-- CL 1897, 8835 ;-- CL 1915, 11571 ;-- CL 1929, 12973 ;-- CL 1948, 555.7