Michigan Compiled Laws § 445.1459 Security Interest In Inventory Not Affected.

445.1459 Security interest in inventory not affected.

Sec. 9.

The provisions of this act shall not be construed to affect in any way any security interest that any financial institution, person, or supplier has in the inventory of the dealer.

History: 1984, Act 341, Imd. Eff. Dec. 27, 1984 ;-- Am. 1989, Act 296, Imd. Eff. Jan. 3, 1990 ;-- Am. 1995, Act 86, Imd. Eff. June 20, 1995 ;-- Am. 2000, Act 357, Eff. Mar. 28, 2001

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Last modified: October 10, 2016