Sec. 10c.
(1) If the proceeds of the sale are greater than the amount of the lien, the proceeds shall first be paid to the moldbuilder in the amount necessary to satisfy the lien. All proceeds in excess of the lien shall be paid to the customer.
(2) A sale shall not be made or possession shall not be obtained under section 10a if it would be in violation of any right of a customer or molder under federal patent, bankruptcy, or copyright law.
History: Add. 2002, Act 17, Imd. Eff. Mar. 1, 2002
Structure Michigan Compiled Laws
Chapter 445 - Trade and Commerce
Act 155 of 1981 - Ownership Rights in Dies, Molds, and Forms (445.611 - 445.620c)
Section 445.611 - Definitions.
Section 445.612 - Transfer of Rights, Title, and Interest in Die, Mold, or Form to Molder; Purpose.
Section 445.615 - Retroactive Application of 3-Year Waiting Period.
Section 445.616 - Applicability and Construction of MCL 445.612 to 445.615.
Section 445.617 - Effective Date.
Section 445.618 - Molder's Lien.
Section 445.618a - Enforcement of Lien; Notice.
Section 445.618b - Sale of Die, Mold, or Form; Conditions.
Section 445.618c - Sale of Die, Mold, or Form; Notice; Dispute.
Section 445.619 - Moldbuilder; Lien; Requirements.
Section 445.620 - Moldbuilder; Lien; Enforcement; Notice.
Section 445.620a - Moldbuilder; Right to Possession of Die, Mold, or Form.
Section 445.620b - Sale of Die, Mold, or Form; Notice of Intent.