MCL - Section 555.8
USES AND TRUSTS.
555.8 Payment of consideration for conveyance to another; presumption as fraudulent; resulting trust for creditors of payee.
Sec. 8.
Every such conveyance shall be presumed fraudulent, as against the creditors of the person paying the consideration; and when a fraudulent intent is not disproved, a trust shall result in favor of such creditors, to the extent that may be necessary to satisfy their just demands.
History: R.S. 1846, Ch. 63
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CL 1857, 2638
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CL 1871, 4121
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How. 5570
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CL 1897, 8836
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CL 1915, 11572
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CL 1929, 12974
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CL 1948, 555.8