Michigan Compiled Laws § 445.620c Sale; Proceeds; Prohibition.


445.620c Sale; proceeds; prohibition.

Sec. 10c.

(1) If the proceeds of the sale are greater than the amount of the lien, the proceeds shall first be paid to the moldbuilder in the amount necessary to satisfy the lien. All proceeds in excess of the lien shall be paid to the customer.

(2) A sale shall not be made or possession shall not be obtained under section 10a if it would be in violation of any right of a customer or molder under federal patent, bankruptcy, or copyright law.


History: Add. 2002, Act 17, Imd. Eff. Mar. 1, 2002


Section: Previous  445.614  445.615  445.616  445.617  445.618  445.618a  445.618b  445.618c  445.618d  445.619  445.620  445.620a  445.620b  445.620c  

Last modified: October 10, 2016