Sec. 6034.
The purchaser at a sale of goods or chattels pledged by way of mortgage or otherwise shall be entitled to pay, before foreclosure, to the person holding the mortgage or pledge the amount actually due thereon, or otherwise perform before foreclosure, the terms and conditions of the pledge, and on payment or performance, or on full tender thereof, shall acquire all the right, interest, and property which the defendant in execution would have had in such goods and chattels if no pledge or mortgage had been made.
History: 1961, Act 236, Eff. Jan. 1, 1963
Structure Michigan Compiled Laws
Chapter 600 - Revised Judicature Act of 1961
Act 236 of 1961 - Revised Judicature Act of 1961 (600.101 - 600.9948)
236-1961-60 - Chapter 60 Enforcement of Judgments (600.6001...600.6098)
Section 600.6001 - Persons to Whom Execution Issued.
Section 600.6004 - Execution Against Realty; Contents.
Section 600.6005 - Successive or Alias Executions; Several Executions.
Section 600.6006 - Execution; New.
Section 600.6007 - Execution; Precedence.
Section 600.6008 - Execution; Set-Off; Balance on Appeal.
Section 600.6009 - Execution; Officer's Security; Recovery of Expense.
Section 600.6010 - Execution; Return; Misconduct of Officer; Civil Liability.
Section 600.6011 - Effect of Order to Stay Proceedings on Execution.
Section 600.6012 - Execution; Property Bound From Time of Levy.
Section 600.6013 - Interest on Money Judgment.
Section 600.6017 - Execution; Personalty.
Section 600.6018 - Execution; Realty.
Section 600.6021 - Judgments; Nonissuance of Execution.
Section 600.6022 - Persons Whose Property Is Exempt.
Section 600.6025 - Execution; Exemptions; Inventory; Appraisal; Expenses.
Section 600.6027 - Homestead Valued at More Than $3,500; Procedure.
Section 600.6031 - Execution Sale; Notice.
Section 600.6032 - Execution Sale; Personalty.
Section 600.6033 - Execution; Property Partially Exempt; Bond.
Section 600.6034 - Execution; Property Subject to Chattel Mortgage.
Section 600.6035 - Levy on Perishable Property; Sale; Order of Court; Notice.
Section 600.6036 - Execution; Growing Grain or Unharvested Crops.
Section 600.6041 - Execution; Fees and Charges of Sale.
Section 600.6042 - Postponement of Sale; Public Declaration; Notice.
Section 600.6043 - Execution; Where More Than One Levy.
Section 600.6044 - Execution; Surplus; Disposition.
Section 600.6045 - Execution; Refusal of Highest Bidder to Take Property; Effect.
Section 600.6046 - Execution; Officer Not to Purchase or Be Interested.
Section 600.6047 - Payment by Debtor of Judgment Debtor.
Section 600.6051 - Execution Against Real Estate; Effect; Notice; Invalid After 5 Years.
Section 600.6052 - Notice of Time and Place of Sale.
Section 600.6053 - Execution; Time, Place, Adjournment.
Section 600.6058 - Repealed. 2004, Act 538, Eff. Mar. 30, 2005.
Section 600.6059 - Execution; Homestead; Sale in Case Surplus Not Paid.
Section 600.6061 - Execution; Rights of Purchaser.
Section 600.6063 - Acquisition by Creditor of Interest Vested in Original Purchaser by Sale; Terms.
Section 600.6067 - Right to Deed; Assignments.
Section 600.6070 - Redemption; Discharge of Levy, Judgment, or Mortgage; Fee.
Section 600.6075 - Civil Arrest; Grounds.
Section 600.6076 - Civil Arrest; Prerequisite.
Section 600.6077 - Warrant to Arrest Judgment Debtor.
Section 600.6078 - Hearing; Detention of Judgment Debtor.
Section 600.6079 - Civil Arrest; Discharge.
Section 600.6080 - Civil Arrest; Bail.
Section 600.6081 - Civil Arrest; Bail; Bond; Forfeiture; Release.
Section 600.6082 - Imprisonment; Segregation From Criminals; Payment of Board.
Section 600.6083 - Imprisonment; Sheriff's Liability for Escape.
Section 600.6084 - Imprisonment; Discharge; Effect.
Section 600.6085 - Removal or Concealment of Property to Avoid Execution; Misdemeanor.
Section 600.6086 - Transfer of Property by Judgment Debtor After Commitment; Validity.
Section 600.6091 - Sale of Real Estate Pursuant to Judgment; Notice; Procedure; Fees.
Section 600.6093 - Recovery of Judgment Against Township, Village, City, or County.
Section 600.6094a - Judgment Under MCL 600.6093 or 600.6094; Limitation.
Section 600.6095 - Collection of Judgment; Against State Institution.