MORTGAGES-ASSIGNMENT OF RENTS AND PROFITS-NEW MICHIGAN STATUTORY TREATMENT
Voss S.Ed., J. David
Abstract
The Michigan legislature recently approved an act which affects the validity of assignments of rents in or in connection with mortgages on industrial or commercial property. To understand the impact of the new legislation, it is necessary to refer to the general mortgage law of Michigan. In particular, a similar act passed in 1925 relating to trust mortgages is an aid in construing the new act.