Mich. Comp. Laws § 440.9505
Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions.
Michigan · Michigan Compiled Laws — UNIFORM COMMERCIAL CODE (Act 174 of 1962) · Status: effective
Cite this
- Citation
- Mich. Comp. Laws § 440.9505, Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1362279
- Permanent ID
ys:prov:1362279@1- SHA-256
25a626e4f7305ceca4d34617b7d8f45499089e5f9817656afb541ed3a55ca638
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(1) A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a payment intangible or promissory note may file a financing statement, or may comply with a statute or treaty described in section 9311(1), using the terms "consignor", "consignee", "lessor", "lessee", "bailor", "bailee", "licensor", "licensee", "owner", "registered owner", "buyer", "seller", or words of similar import, instead of the terms "secured party" and "debtor".
(2) This part applies to the filing of a financing statement under subsection (1) and, as appropriate, to compliance that is equivalent to filing a financing statement under section 9311(2), but the filing or compliance is not of itself a factor in determining whether the collateral secures an obligation. If it is determined for another reason that the collateral secures an obligation, a security interest held by the consignor, lessor, bailor, licensor, owner, or buyer which attaches to the collateral is perfected by the filing or compliance.