Michigan Compiled Laws Act 481 Of 2002 Special Tools Lien Act (570.541 - 570.571)

AN ACT to provide for and establish possession and ownership rights in special tools for use in the fabrication of metal parts under certain conditions; to require procedures to establish a lien; and to establish and maintain a lien on certain special tools.

History: 2002, Act 481, Imd. Eff. June 27, 2002

Section 570.541 Short Title.
This act shall be known and may be cited as the “special tools lien act”. History: 2002, Act 481, Imd. Eff. June 27, 2002
Section 570.542 Definitions.
For purposes of this act: (a) “Customer” means a person who causes a special tool builder to design, develop, manufacture, assemble for sale, or...
Section 570.543 Special Tools; Unclaimed Possession; Transfer Of Rights From Customer To End User; Destruction.
Unless otherwise agreed in writing, if a customer does not claim possession of a special tool from the end user within 3 years from...
Section 570.545 Transfer Of Rights To End User; Notice; Waiting Period.
After the expiration of the 3-year period set forth in section 3, if an end user chooses to have all rights, title, and interest...
Section 570.547 Return Receipt Of Notice; Possession Unclaimed; Transfer.
If a customer does not claim possession of the special tool within 120 days after the date the end user receives the return receipt...
Section 570.549 Retroactive Application Of Waiting Period.
The 3-year waiting period provided in section 3 shall apply retroactively in the case of a special tool in the possession of an end...
Section 570.551 Applicability And Construction Of Mcl 570.543, 570.545, 570.547, And 570.549.
Sections 3, 5, 7, and 9 shall not apply if an end user retains title to and possession of a special tool. Sections 3,...
Section 570.553 Lien; Possession.
An end user has a lien, dependent on possession, on any special tool in the end user's possession belonging to a customer for the...
Section 570.555 Enforcement Of Lien; Notice.
Before enforcing a lien granted to an end user under section 13, notice in writing shall be given to the customer, delivered personally or...
Section 570.557 Sale Of Special Tool At Public Auction; Conditions.
If the end user has not been paid the amount due within 90 days after the notice has been received by the customer provided...
Section 570.559 Sale Of Special Tool At Public Auction; Notice; Information; Notice Nondeliverable; Dispute.
(1) Before an end user may sell the special tool, the end user shall notify, by registered mail, return receipt requested, the customer and...
Section 570.561 Payment Of Proceeds To Prior Lienholder; Payment Of Amount To End User Possessing Lien Or To Customer.
(1) If the sale is for a sum greater than the amount of the lien, the proceeds shall first be paid to the prior...
Section 570.563 Information Recorded By Special Tool Builder; Filing Financial Statement; Constructive Notice Of Lien On Special Tool; Attachment; Duration Of Lien; Priority.
(1) A special tool builder shall permanently record on every special tool that the special tool builder fabricates, repairs, or modifies the special tool...
Section 570.565 Enforcement Of Lien; Notice.
To enforce a lien that attaches under section 23, the special tool builder shall give notice of the lien in writing to the customer...
Section 570.567 Rights Of Possession.
Subject to section 29, if the special tool builder has not been paid the amount claimed in the notice required under section 25 within...
Section 570.569 Sale Of Special Tool With Lien Asserted.
(1) Before a special tool builder may sell a special tool for which a lien is claimed and for which the required notice has...
Section 570.571 Sale Of Special Tool; Use Of Excess Proceeds; Prohibition.
(1) If the proceeds of the sale are greater than the amount of the lien, the proceeds shall first be paid to the special...

Last modified: October 10, 2016