Bill > SB0744

This bill amends the Uniform Commercial Code, specifically Section 9201, to update references and citations in various state laws related to financial transactions. The bill makes technical corrections to the statute by adjusting the end citation numbers for multiple acts, including the regulatory loan act, motor vehicle sales finance act, mobile home commission act, grain dealers act, garage keeper's lien act, and several other state regulations. The bill maintains the core principle that security agreements are effective between parties, against purchasers of collateral, and against creditors, while ensuring that in cases of conflict between this article and other rules of law, statutes, or regulations, those other rules will take precedence. The bill also includes a tie-bar provision, meaning it will only take effect if Senate Bill No. 739 is also enacted into law. The changes appear to be primarily administrative, updating citation ranges and ensuring legal references are current and accurate across various Michigan state laws related to financial and commercial transactions.

Budget and Finance

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0744