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Sale for sum greater than amount of lien; disposition of proceeds; prohibited sales.

MCL 445.618d
in effect
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445.618d. Sale for sum greater than amount of lien; disposition of proceeds; prohibited sales. Sec. 8d. (1) If the sale is for a sum greater than the amount of the lien, the proceeds shall first be paid to the prior lienholder who has a perfected lien in an amount sufficient to extinguish that interest. Any excess shall next be paid to the molder who possesses a lien under this act in an amount sufficient to extinguish that interest. Any remainder shall then be paid to the customer. (2) A sale shall not be made under this act if it would be in violation of any right of a customer under federal patent or copyright law. Add. 1986, Act 103, Imd. Eff. May 16, 1986
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-445-618dFetched: 10/20/2026

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