Michigan Laws > Chapter 566 > Act 305 of 1937 – Automobile Accessories; Recording Chattel Mortgages and Conditional Sales Contracts


§ 566.251	Automobile accessories sold upon chattel mortgage or conditional sale; vendor to forward title and copy of mortgage to secretary of state; fee
§ 566.252	Automobile accessories sold upon chattel mortgage or conditional sale; recording upon title; additional information
§ 566.253	Automobile accessories sold upon chattel mortgage or conditional sale; invalid against bona fide purchaser unless recorded

Contract: A legal written agreement that becomes binding when signed.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Mortgagee: The person to whom property is mortgaged and who has loaned the money.
person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o