Section 445.618d – Sale for Sum Greater Than Amount of Lien; Disposition of Proceeds; Prohibited Sales.
445.618d Sale for sum greater than amount of lien; disposition of proceeds; prohibited sales. Sec. 8d. (1) If the sale is for a sum greater than the amount of the lien, the proceeds shall first be paid to the prior lienholder who has a perfected lien in an amount sufficient to extinguish that interest. Any […]
Section 445.619 – Moldbuilder; Lien; Requirements.
445.619 Moldbuilder; lien; requirements. Sec. 9. (1) A moldbuilder shall permanently record on every die, mold, or form that the moldbuilder fabricates, repairs, or modifies the moldbuilder’s name, street address, city, and state. (2) A moldbuilder shall file a financing statement in accordance with the requirements of section 9502 of the uniform commercial code, 1962 […]
Section 445.620 – Moldbuilder; Lien; Enforcement; Notice.
445.620 Moldbuilder; lien; enforcement; notice. Sec. 10. To enforce a lien that attaches under section 9, the moldbuilder shall give notice in writing to the customer and the molder. The notice shall be given by hand delivery or certified mail, return receipt requested, to the last known address of the customer and to the last […]
Section 445.620a – Moldbuilder; Right to Possession of Die, Mold, or Form.
445.620a Moldbuilder; right to possession of die, mold, or form. Sec. 10a. Subject to section 10b, if the moldbuilder has not been paid the amount claimed in the notice required under section 10 within 90 days after the notice required under section 10 has been received by the customer and the molder, the moldbuilder has […]
Section 445.620b – Sale of Die, Mold, or Form; Notice of Intent.
445.620b Sale of die, mold, or form; notice of intent. Sec. 10b. (1) Before a moldbuilder may sell a die, mold, or form for which a lien is claimed and for which the required notice has been sent under section 10, the moldbuilder shall notify the customer, the molder, and all other persons that have […]
Section 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 […]
Section 445.616 – Applicability and Construction of MCL 445.612 to 445.615.
445.616 Applicability and construction of MCL 445.612 to 445.615. Sec. 6. Sections 2 to 5 shall not apply if a molder retains title to and possession of a die, mold, or form. Sections 2 to 5 shall not be construed to grant a customer rights, title, or interest in a die, mold, or form. History: […]
Section 445.617 – Effective Date.
445.617 Effective date. Sec. 7. This act shall take effect January 1, 1982. History: 1981, Act 155, Eff. Jan. 1, 1982
Section 445.618 – Molder’s Lien.
445.618 Molder’s lien. Sec. 8. A molder has a lien, dependent on possession, on any die, mold, or form in the molder’s possession belonging to a customer for the amount due the molder from the customer for plastic fabrication work performed with the die, mold, or form. A molder may retain possession of the die, […]
Section 445.618a – Enforcement of Lien; Notice.
445.618a Enforcement of lien; notice. Sec. 8a. Before enforcing a lien granted to a molder under section 8, notice in writing shall be given to the customer, whether delivered personally or sent by registered mail to the last known address of the customer. The notice shall state that a lien is claimed for the amount […]