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Mich. Comp. Laws § 445.620c

Sale; proceeds; prohibition

Applied in 1 court decision — leading case Sejasmi Industries Inc v. A+ Mold Inc (2018)

Most recently applied in Sejasmi Industries Inc v. A+ Mold Inc (December 2018)

Add. 2002, Act 17, Imd

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.

Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.