Terms Used In Michigan Laws 440.9802

  • Lien: A claim against real or personal property in satisfaction of a debt.
  • This amendatory act: means the amendatory act that added this part. See Michigan Laws 440.9801
  (1) Except as otherwise provided in this part, this amendatory act applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before the effective date of this amendatory act.
  (2) This amendatory act does not affect an action, case, or proceeding commenced before the effective date of this amendatory act.