570.569 Sale of special tool with lien asserted.

354 words·~2 min read·/mi/chapter-570/570-569

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 29.

(1)Before a special tool builder may sell a special tool for which a lien is claimed and for which the required notice has been sent under section 25, the special tool builder shall notify the customer, the end user, and all other persons that have a perfected security interest in the special tool under part 5 of article 9 of the uniform commercial code, 1962 PA 174, MCL 440.9501 to 440.9527, by certified mail, return receipt requested, of all of the following:

(a)The special tool builder's intention to sell the special tool 60 days after the receipt of the notice.

(b)A description of the special tool to be sold.

(c)The last known location of the special tool.

(d)The time and place of the sale.

(e)An itemized statement of the amount due.

(f)A statement that the special tool was accepted and the acceptance was not subsequently rejected.

(2)If there is no return of the receipt of the mailing or if the postal service returns the notice as being nondeliverable, the special tool builder shall publish notice of the special tool builder's intention to sell the special tool in a newspaper of general circulation in the place where the special tool is last known to be located, in the place of the customer's last known address, and in the place of the end user's last known address. The published notice shall include a description of the special tool and the name of the customer and the end user.

(3)If a customer or end user against whom the lien is asserted disagrees that the special tool was accepted or that the acceptance was not subsequently rejected, the customer or end user shall notify the special tool builder in writing by certified mail, return receipt requested, that the special tool was not accepted or that the acceptance was subsequently rejected. A special tool builder who receives this notice shall not sell the special tool until the dispute is resolved.

History: 2002, Act 481 , Imd. Eff. June 27, 2002