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MI HB4708

MI HB4708
Watercraft: marinas; enforcement of liens; modify. Amends sec. 5 of 1998 PA 362 (MCL 570.375).


summary

Introduced
07/01/2025
In Committee
07/01/2025
Crossed Over
Passed
Dead

Introduced Session

103rd Legislature

Bill Summary

A bill to amend 1998 PA 362, entitled"Michigan marina and boatyard storage lien act,"by amending section 5 (MCL 570.375), as amended by 2016 PA 286.

AI Summary

This bill amends the Michigan Marina and Boatyard Storage Lien Act to modify the rules for how marina and boatyard facility owners can enforce liens on watercraft. The key changes include creating different timelines for lien enforcement depending on whether there are prior lienholders (60 days for no prior lienholders, 180 days with prior lienholders), and establishing more detailed procedures for notifying property owners about potential sale of their watercraft. The bill specifies that before selling a watercraft, the facility owner must send a detailed notice of default by certified mail to the property owner, the secretary of state, and any known lienholders, including specific required information such as the amount owed, demand for payment, and potential sale details. The bill also clarifies the order in which proceeds from a sale should be distributed (covering sale expenses, satisfying the primary lien, paying other lienholders, and returning any surplus to the property owner), and limits the facility owner's liability in such transactions. Additionally, the bill stipulates that a facility owner can only have one lien for storage or services on a particular piece of property and cannot simultaneously assert liens under different legal standards for the same services.

Committee Categories

Agriculture and Natural Resources

Sponsors (5)

Last Action

Bill Electronically Reproduced 07/01/2025 (on 07/15/2025)

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