Sec. 8b. If the molder has not been paid the amount due within 90 days after the notice has been received by the customer provided in section 8a, the molder may sell the die, mold, or form at a public auction if both of the following occur: (a) The die, mold, or form is still in the molder's possession. (b) The molder complies with section 8c.
Mich. Comp. Laws § 445.618b
Sale of die, mold, or form; conditions
Applied in 2 court decisions — leading case 260 Mich. App. 722 - Gateplex Molded Products, Inc v. Collins & Airman Plastics, Inc (2004)
Most recently applied in 286 Mich. App. 115 - Delta Engineered Plastics, LLC v. Autolign Manufacturing Group, Inc. (October 2009)
Add. 1986, Act 103, Imd
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.