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Michigan · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Mich. Comp. Laws § 445.618d: Sale for sum greater than amount of lien; disposition of proceeds; prohibited sales.

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Where this section sits in the code
  1. MI Code
  2. Chapter 445
  3. Act Act-155-of-1981

Sec. 8d.

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.

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.

Collected 2026-09-14T18:32:31Z. Source file · JSON

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