Michigan Laws 570.1125 – Assignability of construction lien; powers and obligations of assignee
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Terms Used In Michigan Laws 570.1125
- Lien: A claim against real or personal property in satisfaction of a debt.
A construction lien which arises under this act is assignable. Proceedings for the enforcement of the lien may be maintained by, and in the name of, the assignee. In that case, the assignee shall have the same power to enforce the construction lien, and shall be subject to the same obligations, as if the proceedings were being taken by, and in the name of, the lien claimant.