Section 570.567 – Rights of Possession.
570.567 Rights of possession. Sec. 27. Subject to section 29, if the special tool builder has not been paid the amount claimed in the notice required under section 25 within 90 days after the notice required under section 25 has been received by the customer and the end user, the special tool builder has a […]
Section 570.569 – Sale of Special Tool With Lien Asserted.
570.569 Sale of special tool with lien asserted. Sec. 29. (1) Before a special tool builder may sell a special tool for which a lien is claimed and for which the required notice has been sent under section 25, the special tool builder shall notify the customer, the end user, and all other persons that […]
Section 570.571 – Sale of Special Tool; Use of Excess Proceeds; Prohibition.
570.571 Sale of special tool; use of excess proceeds; prohibition. Sec. 31. (1) If the proceeds of the sale are greater than the amount of the lien, the proceeds shall first be paid to the special tool builder in the amount necessary to satisfy the lien. All proceeds in excess of the lien shall be […]
Section 570.581 – Short Title.
570.581 Short title. Sec. 1. This act shall be known and may be cited as the “commercial real estate broker’s lien act”. History: 2010, Act 201, Imd. Eff. Oct. 5, 2010
Section 570.582 – Definitions.
570.582 Definitions. Sec. 2. As used in this act: (a) “Buyer” means a purchaser or lessee of a legal or equitable interest in real estate. (b) “Claim of lien” means a claim of a commercial real estate broker’s lien asserted under this act. (c) “Commercial real estate” means real estate or an interest in real […]
Section 570.583 – Commercial Real Estate Broker’s Lien; Availability.
570.583 Commercial real estate broker’s lien; availability. Sec. 3. A commercial real estate broker’s lien is only available to an individual licensed as a real estate broker under article 25 of the occupational code, 1980 PA 299, MCL 339.2501 to 339.2518. A commercial real estate broker’s lien is not available to an employee, agent, subagent, […]
Section 570.547 – Return Receipt of Notice; Possession Unclaimed; Transfer.
570.547 Return receipt of notice; possession unclaimed; transfer. Sec. 7. If a customer does not claim possession of the special tool within 120 days after the date the end user receives the return receipt of the notice sent under section 5, or does not make other arrangements with the end user for storage of the […]
Section 570.549 – Retroactive Application of Waiting Period.
570.549 Retroactive application of waiting period. Sec. 9. The 3-year waiting period provided in section 3 shall apply retroactively in the case of a special tool in the possession of an end user on the effective date of this act. History: 2002, Act 481, Imd. Eff. June 27, 2002
Section 570.551 – Applicability and Construction of MCL 570.543, 570.545, 570.547, and 570.549.
570.551 Applicability and construction of MCL 570.543, 570.545, 570.547, and 570.549. Sec. 11. Sections 3, 5, 7, and 9 shall not apply if an end user retains title to and possession of a special tool. Sections 3, 5, 7, and 9 shall not be construed to grant a customer rights, title, or interest in a […]
Section 570.553 – Lien; Possession.
570.553 Lien; possession. Sec. 13. An end user has a lien, dependent on possession, on any special tool in the end user’s possession belonging to a customer for the amount due the end user from the customer for metal fabrication work performed with the special tool. An end user may retain possession of the special […]