114 chapters · 762 sections in this title.
Mich. Comp. Laws § 445.421 Short title.
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Sec. 1. This act shall be known and may be cited as the "scrap metal regulatory act".
Mich. Comp. Laws § 445.423 Definitions.
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Sec. 3. As used in this act: (a) "Ferrous metal" means a metal that contains significant quantities of iron or steel. (b) "First purchaser" means the first buyer of a manufactured item that contains ferrous or nonferrous metal in a retail or business-to-business transaction. A pe…
Mich. Comp. Laws § 445.425 Scrap metal dealer; seller; duties.
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Sec. 5. (1) All of the following apply to a scrap metal dealer: (a) Unless section 6 applies, and except as provided in subdivision (b), a scrap metal dealer shall only pay a seller using 1 of the following methods of payment in a purchase transaction and shall not pay the seller…
Mich. Comp. Laws § 445.426 Payment methods for certain purchase transactions; electronic database; requirements; single shared electronic database; determination or selection by department of state police; objection; filing petition; hearing; duties of scrap metal dealer upon implementation and operation of database; payment.
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Sec. 6. (1) In a purchase transaction of any of the following items, the only methods of payment a scrap metal dealer may use to pay a seller are a direct deposit or electronic transfer to the seller's account at a financial institution; subject to subsection (5), payment with a …