Section 700.3903 - Indebtedness; set-off.
ESTATES AND PROTECTED INDIVIDUALS CODE (EXCERPT)
Act 386 of 1998
700.3903 Indebtedness; set-off.
Sec. 3903.
The amount of a successor's noncontingent indebtedness to the estate if due, or its present value if not due, shall be offset against the successor's interest. However, the successor has the benefit of a defense that would be available to the successor in a direct proceeding for recovery of the debt.
History: 1998, Act 386, Eff. Apr. 1, 2000
Popular Name: EPIC