555.10 Implied or resulting trust; validity against bona fide purchaser. Sec. 10. No implied or resulting trust shall be alleged or established to defeat or prejudice the title of a purchase, for a valuable consideration, and without notice of such trust. History: R.S. 1846, Ch. 63 ;-- CL 1857, 2640 ;-- CL 1871, 4123 ;-- How. 5572 ;-- CL 1897, 8838 ;-- CL 1915, 11574 ;-- CL 1929, 12976 ;-- CL 1948, 555.10 Compiler's Notes: The word 'purchase' in this section evidently should read 'purchaser'.
Michigan Legal Code