Michigan Laws 213.63 – Just compensation; verdict; division of award
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 213.63
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Parcel: means an identifiable unit of land, whether physically contiguous or not, having substantially common beneficial ownership, all or part of which is being acquired, and treated as separate for valuation purposes. See Michigan Laws 213.51
- Verdict: The decision of a petit jury or a judge.
The jury or the court shall award in its verdict just compensation for each parcel. After awarding the verdict, on request of any party, the court shall divide the award among the respective parties in interest, whether the interest is that of mortgagee, lessee, lienor, or otherwise, in accordance with proper evidence submitted by the parties in interest.