There is a newer version of the Michigan Compiled Laws
2015 Michigan Compiled Laws
Chapter 570 - Liens
Act 481 of 2002 SPECIAL TOOLS LIEN ACT (570.541 - 570.571)
AN ACT to provide for and establish possession and ownership rights in special tools for use in the fabrication of metal parts under certain conditions; to require procedures to establish a lien; and to establish and maintain a lien on certain special tools.
History: 2002, Act 481, Imd. Eff. June 27, 2002
- Section 570.541 Short title.
- Section 570.542 Definitions.
- Section 570.543 Special tools; unclaimed possession; transfer of rights from customer to end user; destruction.
- Section 570.545 Transfer of rights to end user; notice; waiting period.
- Section 570.547 Return receipt of notice; possession unclaimed; transfer.
- Section 570.549 Retroactive application of waiting period.
- Section 570.551 Applicability and construction of MCL 570.543, 570.545, 570.547, and 570.549.
- Section 570.553 Lien; possession.
- Section 570.555 Enforcement of lien; notice.
- Section 570.557 Sale of special tool at public auction; conditions.
- Section 570.559 Sale of special tool at public auction; notice; information; notice nondeliverable; dispute.
- Section 570.561 Payment of proceeds to prior lienholder; payment of amount to end user possessing lien or to customer.
- Section 570.563 Information recorded by special tool builder; filing financial statement; constructive notice of lien on special tool; attachment; duration of lien; priority.
- Section 570.565 Enforcement of lien; notice.
- Section 570.567 Rights of possession.
- Section 570.569 Sale of special tool with lien asserted.
- Section 570.571 Sale of special tool; use of excess proceeds; prohibition.
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
