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Current as of January 01, 2025 | Updated by Findlaw Staff
Sec. 21. (1) If the sale is for a sum greater than the amount of the lien, the proceeds shall first be paid to the prior lienholder who has a perfected lien in an amount sufficient to extinguish that interest. Any excess shall next be paid to the end user who possesses a lien under this act in an amount sufficient to extinguish that interest. Any remainder shall then be paid to the customer.
(2) A sale shall not be made under this act if it would be in violation of any right of a customer under federal patent or copyright law.
Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 570. Liens § 570.561 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-570-liens/mi-comp-laws-570-561/
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