Michigan Laws > Chapter 565 > Act 66 of 1956 – Oil and Gas Assignments


§ 565.81	Oil and gas assignment; security for indebtedness
§ 565.82	Oil and gas assignment; time of operation
§ 565.83	Oil and gas assignment; validity; certified copy; service on pipe line company
§ 565.84	Oil and gas assignment; duration of effectiveness
§ 565.85	Oil and gas assignment; definitions

Contract: A legal written agreement that becomes binding when signed.
Deed: The legal instrument used to transfer title in real property from one person to another.
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Mortgagee: The person to whom property is mortgaged and who has loaned the money.
Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
Trustee: A person or institution holding and administering property in trust.