Michigan Compiled Laws § 445.1755 Storage; Loss Of Ownership Rights.


445.1755 Storage; loss of ownership rights.

Sec. 5.

Except as provided in section 7, the owner of an article delivered to a business for the purpose of storage shall lose his or her ownership rights to the article not less than 1 year after the date on which the storage agreement terminated or expired if the article has been in the possession of that business for more than 1 year after the storage agreement terminated or expired.


History: 1989, Act 257, Imd. Eff. Dec. 26, 1989


Section: Previous  445.1751  445.1753  445.1755  445.1757  445.1759  445.1761  445.1763    Next

Last modified: October 10, 2016