Sec. 125.
A construction lien which arises under this act is assignable. Proceedings for the enforcement of the lien may be maintained by, and in the name of, the assignee. In that case, the assignee shall have the same power to enforce the construction lien, and shall be subject to the same obligations, as if the proceedings were being taken by, and in the name of, the lien claimant.
History: 1980, Act 497, Eff. Jan. 1, 1982
Structure Michigan Compiled Laws
Act 497 of 1980 - Construction Lien Act (570.1101 - 570.1305)
497-1980-1 - Part 1 (570.1101...570.1128)
Section 570.1101 - Short Title.
Section 570.1102 - Meanings of Words and Phrases.
Section 570.1103 - Definitions.
Section 570.1104 - Additional Definitions.
Section 570.1105 - Additional Definitions.
Section 570.1106 - Additional Definitions.
Section 570.1107 - Construction Lien Generally.
Section 570.1114a - Construction Lien Recorded by Unlicensed Person.
Section 570.1115 - Waiver of Construction Lien.
Section 570.1125 - Assignability of Construction Lien; Powers and Obligations of Assignee.
Section 570.1126 - Construction Lien Concerning Condominium; Limitations; Definitions.