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2 chapters · 613 sections in this title.
Mich. Comp. Laws § 440.9801 Definitions.
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Sec. 9801. As used in this part: (a) "Pre-effective-date financing statement" means a financing statement filed before the effective date of this amendatory act. (b) "This amendatory act" means the amendatory act that added this part. (c) "This amended article" means this article…
Mich. Comp. Laws § 440.9802 Applicability; scope.
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Sec. 9802. (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 a…
Mich. Comp. Laws § 440.9803 Perfected security interest before effective date of amendatory act.
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Sec. 9803. (1) A security interest that is a perfected security interest immediately before the effective date of this amendatory act is a perfected security interest under this amended article if, on the effective date of this amendatory act, the applicable requirements for atta…
Mich. Comp. Laws § 440.9804 Unperfected security interest before effective date of amendatory act.
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Sec. 9804. A security interest that is an unperfected security interest immediately before the effective date of this amendatory act becomes a perfected security interest when either of the following occurs: (a) Without further action, on the effective date of this amendatory act…
Mich. Comp. Laws § 440.9805 Filing of financing statement or continuation statement before effective date of amendatory act.
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Sec. 9805. (1) The filing of a financing statement before the effective date of this amendatory act is effective to perfect a security interest to the extent that the filing would satisfy the applicable requirements for perfection under this amended article. (2) This amendatory a…
Mich. Comp. Laws § 440.9806 Continuation of effectiveness of pre-effective-date financing statement; filing of initial financing statement.
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Sec. 9806. (1) The filing of an initial financing statement in the office specified in section 9501 continues the effectiveness of a pre-effective-date financing statement if all of the following are met: (a) The filing of an initial financing statement in that office would be ef…
Mich. Comp. Laws § 440.9807 Amending information in pre-effective-date financing statement; filing termination statement.
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Sec. 9807. (1) After the effective date of this amendatory act, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective-date financing statement only in accordance with the law o…
Mich. Comp. Laws § 440.9808 Filing initial financing statement or continuation statement; conditions.
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Sec. 9808. A person may file an initial financing statement or a continuation statement under this part if all of the following are met: (a) The secured party of record authorizes the filing. (b) The filing is necessary under this part to do any of the following: (i) To continue …
Mich. Comp. Laws § 440.9809 Priority of conflicting claims to collateral; establishment before effective date of amendatory act.
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Sec. 9809. This amendatory act determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before the effective date of this amendatory act, this article as it existed before the effective date of this amendatory…
Mich. Comp. Laws § 440.9991 Effective date of act; application to future transactions.
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Sec. 9991. This act shall become effective on January 1, 1964. It applies to transactions entered into and events occurring after that date.
Mich. Comp. Laws § 440.9992 Repeal.
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Sec. 9992. The following acts and parts of acts, as amended, are hereby repealed: (1) Revised Statutes of 1846. Chapter Section Numbers Compiled Law Sections (1948) 81 7 to 16 566.137 to 566.146 (2) Public Acts. Year of Act Public Act Number Section Numbers Compiled Law Sections …
Mich. Comp. Laws § 440.9993 Saving clause.
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Sec. 9993. Transactions validly entered into before the effective date specified in section 9991 and the rights, duties and interests flowing from them remain valid thereafter and may be terminated, completed, consummated or enforced as required or permitted by any statute or oth…
Mich. Comp. Laws § 440.9994 Effect of Article 7.
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Sec. 9994. The article on documents of title (article 7) does not repeal or modify any laws prescribing the form or contents of documents of title or the services or facilities to be afforded by bailees, or otherwise regulating bailees' businesses in respects not specifically dea…