Mich. Comp. Laws § 570.153

Current through Public Act 151 of the 2024 Legislative Session

Section 570.153 - Building contract fund; evidence of fraudulent detention or use

The appropriation by a contractor, or any subcontractor, of any moneys paid to him for building operations before the payment by him of all moneys due or so to become due laborers, subcontractors, materialmen or others entitled to payment, shall be evidence of intent to defraud.

MCL 570.153

1931, Act 259, Eff. 9/18/1931 ;--CL 1948, 570.153.