Michigan Compiled Laws Act 34 of 2011 - Transfer Fee Covenants Attaching to Nonresidential Real Property (565.881 - 565.884) Section 565.883 - Lien as Void.
Sec. 3.
Any lien purporting to secure the payment of a transfer fee under a transfer fee covenant that is executed on or after the effective date of this section is void.
History: 2011, Act 34, Imd. Eff. May 24, 2011