Sec. 17.
If the end user has not been paid the amount due within 90 days after the notice has been received by the customer provided in section 15, the end user may sell the special tool at a public auction if both of the following occur:
(a) The special tool is still in the end user's possession.
(b) The end user complies with section 19.
History: 2002, Act 481, Imd. Eff. June 27, 2002
Structure Michigan Compiled Laws
Act 481 of 2002 - Special Tools Lien Act (570.541 - 570.571)
Section 570.541 - Short Title.
Section 570.542 - Definitions.
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 570.565 - 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.