Mich. Comp. Laws § 445.618d
Sale for sum greater than amount of lien; disposition of proceeds; prohibited sales.
Michigan · Michigan Compiled Laws — OWNERSHIP RIGHTS IN DIES, MOLDS, AND FORMS (Act 155 of 1981) · Status: effective
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- Citation
- Mich. Comp. Laws § 445.618d, Sale for sum greater than amount of lien; disposition of proceeds; prohibited sales, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1362643
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Full text
(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 molder 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.