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Form a Business

Security interest in inventory not affected.

MCL 445.1459
in effect
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445.1459. Security interest in inventory not affected. Sec. 9. The provisions of this act shall not be construed to affect in any way any security interest that any financial institution, person, or supplier has in the inventory of the dealer. 1984, Act 341, Imd. Eff. Dec. 27, 1984; Am. 1989, Act 296, Imd. Eff. Jan. 3, 1990; Am. 1995, Act 86, Imd. Eff. June 20, 1995; Am. 2000, Act 357, Eff. Mar. 28, 2001
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-445-1459Fetched: 10/20/2026

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