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Code · Michigan · Chapter 445 — Trade and Commerce

445.1755 Storage; loss of ownership rights.

86 words·~1 min read·/mi/chapter-445/445-1755

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445.1755 Storage; loss of ownership rights.
Sec. 5.
Except as provided in section 7, the owner of an article delivered to a business for the purpose of storage shall lose his or her ownership rights to the article not less than 1 year after the date on which the storage agreement terminated or expired if the article has been in the possession of that business for more than 1 year after the storage agreement terminated or expired.
History: 1989, Act 257, Imd. Eff. Dec. 26, 1989
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