Sec. 7.
If a documented vessel is sold pursuant to this act, the facility owner shall satisfy the United States coast guard requirements for passage of title by operation of state law under 46 C.F.R. 67.91 that include providing all of the following:
(a) A copy of this act.
(b) An affidavit from the facility owner setting forth the grounds for selling the property and the steps taken to comply with this act.
(c) Evidence of substantial compliance with this act.
(d) A bill of sale in recordable form from the facility owner as agent for the property owner.
History: 1998, Act 362, Imd. Eff. Oct. 20, 1998
Structure Michigan Compiled Laws
Act 362 of 1998 - Michigan Marina and Boatyard Storage Lien Act (570.371 - 570.379)
Section 570.371 - Short Title.
Section 570.372 - Definitions.
Section 570.373 - Possessory Lien on Stored Property.
Section 570.374 - Notice of Lien.
Section 570.375 - Enforcement of Lien.
Section 570.376 - New Title or Registration; Issuance by Secretary of State.
Section 570.377 - Sale of Documented Vessel; Satisfaction of Requirements.