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Michigan Compiled Laws — AUTOMOBILE ACCESSORIES; RECORDING CHATTEL MORTGAGES AND CONDITIONAL SALES CONTRACTS (Act 305 of 1937)

Michigan · statute · 305 of 1937, Mich. Comp. Laws · 3 active provisions

3 active provisions.

Provisions

Mich. Comp. Laws § 566.251

Automobile accessories sold upon chattel mortgage or conditional sale; vendor to forward title and copy of mortgage to secretary of state; fee.

Any person, firm or corporation selling to any owner of a motor vehicle which has heretofore or is hereafter issued a Michigan certificate of title as provided by Act No. 46 of the Public Acts of 1921, as amended, any accessory, equipment, additional part or replacement part for said motor vehicle, and securing the pay…

MichiganAUTOMOBILE ACCESSORIES; RECORDING CHATTEL MORTGAGES AND CONDITIONAL SALES CONTRACTSeffective
Mich. Comp. Laws § 566.252

Automobile accessories sold upon chattel mortgage or conditional sale; recording upon title; additional information.

Upon receipt of such certificate of title and such true copy of the chattel mortgage, conditional sales contract or title retaining note by the secretary of state, accompanied by the fee of 50 cents, the secretary of state shall record upon the certificate of title in a suitable place the information contained in said…

MichiganAUTOMOBILE ACCESSORIES; RECORDING CHATTEL MORTGAGES AND CONDITIONAL SALES CONTRACTSeffective
Mich. Comp. Laws § 566.253

Automobile accessories sold upon chattel mortgage or conditional sale; invalid against bona fide purchaser unless recorded.

No chattel mortgage, conditional sales contract or title retaining note upon any motor vehicle taken to secure the payment of the purchase price of the sale of any accessory, equipment, additional part or replacement part, shall be valid as against any subsequent purchaser of any motor vehicle heretofore or hereafter t…

MichiganAUTOMOBILE ACCESSORIES; RECORDING CHATTEL MORTGAGES AND CONDITIONAL SALES CONTRACTSeffective