Yalovy was born in 1895 in the village of Dar-Nadezhda, Kostiantynhrad uyezd, in the Poltava Governorate, into the family of a volostscribe. He had two brothers Kostiantyn and Hryhoriy. His general education he obtained in Myrhorodgymnasium in 1916. After that he enrolled in the Medical Department of the KievUniversity of Saint Vladimir. There he completely is dove into a revolutionary activity becoming a member of one of the most influential of that political lifetime party of socialist-revolutionaries. Since the beginning of the February Revolution he returned to Kostiantynhrad where he headed a revolutionary committee. Later he was elected to the Executive Committee of the Kostiantynhrad Council of Workers' and Peasants' Deputies. After the left wing of essery split in 1918 as a separate party of Borotbists he became their one of the most distinct members. He took active participation in issuing of newspapers Borotba and Selianska bidnota for the last of which he became a director. About at the same time he also works as a chief editor in the newspaper Peasant and Worker, the instructional-agitation locomotive of the Head of Central Executive Committee of UkraineHryhoriy Petrovsky. He provides active underground work in Odessa and Kherson region. There he was organizing a fight against the German occupational forces and Hetman-followers. In 1919 as part of the Borotbist delegation he visited Halychyna.
In 1920 Yalovy enrolled into the CPU. For sometime he was located in Moscow as a representative of the Ukrainian government. In 1921 together with Mykahilo Symenko and Vasyl Aleshko created the Strike group of poet-futurists in Kharkiv. Together with Oleksa Slisarenko and Mykola Bazhan Yalovy became a member of Hart in 1925, later the same year with several members of Hart he creates VAPLITE becoming its president. In 1926 Yalovy published an article Saint-Petersburg's kholuystvo in the defense of the national Ukrainian culture that was triggered by another article of the Leningrad magazine Zhyzn isskustva, Self-determination or chauvinism?. On November 20, 1926 he was fired together with Mykola Khvyliovy from the editorial collegiate o f Chervony Shliakh by the order of the Politburo of Central CommitteeCommunist Party of Ukraine. Later him, Dosvitny, and Khvyliovy left VAPLITE in order to save the organization, but at the end it was forces to dissolve on its own.
Arrest and imprisonment
Mykhailo Yalovy was arrested on the night of 12/13 May 1933 during the search of his apartment by the agents of GPUUkrainian SSR. On 31 May 1933 he was excluded from the CPU on the grounds that he had infiltrated its ranks with the aim of creating a counter-revolutionary fascist organization that had the goal of overthrowing the Soviet government. Yalovy was accused of spying for the Polish consulate, of Shumskizm, and of preparing to assassinate the first secretary of CPU Pavel Postyshev. He refused to acknowledge himself guilty of these crimes. Yalovy was sentenced to 10 years in correctional-labor camps.
Execution, burial and rehabilitation
A few years later, during the Great Purges, Yavlovy was summarily sentenced on 9 October 1937 at a session of the extrajudicial, special NKVD troika of the Leningrad Oblast to be shot at one of the killing field-burial grounds in Karelia. The execution, a bullet to the back of the head in front of a ready dug trench, took place a few weeks later on 3 November 1937 in SvirlagOGPU. Other data indicate that Yavlovy's final resting place may be among the thousands shot and buried at Sandarmokh near Medvezhyegorsk. After Stalin's death, Yavlovy and the many thousands of other victims condemned to die by the extrajudicial troikas were rehabilitated. On 19 June 1957, the conviction was annulled by the Military tribunal of Leningrad Military District because there were no charges to answer.
