Sec. 1512. No filing of the premium finance agreement shall be necessary to perfect the validity of such agreement as a secured transaction as against creditors, subsequent purchasers, pledgees, encumbrances, successors or assigns.
Mich. Comp. Laws § 500.1512
Premium finance agreement; filing not required
Applied in 1 court decision — leading case St. James Inc. v. Cananwill, Inc. (In Re St. James Inc.) (2009)
Most recently applied in St. James Inc. v. Cananwill, Inc. (In Re St. James Inc.) (March 2009)
Add. 1968, Act 352, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.