Michigan Compiled Laws Act 305 Of 1937 Automobile Accessories; Recording Chattel Mortgages And Conditional Sales Contracts (566.251 - 566.253)

AN ACT to provide for the recording of certain chattel mortgages, conditional sales contracts and title retaining notes in certain cases, to provide for the method of recording same, and the duties of the secretary of state in connection therewith; and to make said chattel mortgages, conditional sales contracts and title retaining notes null and void and of no force and effect in certain cases.

History: 1937, Act 305, Imd. Eff. July 23, 1937 ;-- Am. 1941, Act 202, Eff. Jan. 10, 1942

Section 566.251 Automobile Accessories Sold Upon Chattel Mortgage Or Conditional Sale; Vendor To Forward Title And Copy Of Mortgage To Secretary Of State; Fee.
Any person, firm or corporation selling to any owner of a motor vehicle which has heretofore or is hereafter issued a Michigan certificate of...
Section 566.252 Automobile Accessories Sold Upon Chattel Mortgage Or Conditional Sale; Recording Upon Title; Additional Information.
Upon receipt of such certificate of title and such true copy of the chattel mortgage, conditional sales contract or title retaining note by the...
Section 566.253 Automobile Accessories Sold Upon Chattel Mortgage Or Conditional Sale; Invalid Against Bona Fide Purchaser Unless Recorded.
No chattel mortgage, conditional sales contract or title retaining note upon any motor vehicle taken to secure the payment of the purchase price of...

Last modified: October 10, 2016