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Michigan Legislature
Michigan Compiled Laws Complete Through PA 428 and includes 430-457 of 2018
House: Adjourned until Tuesday, January 22, 2019 1:30:00 PM
Senate: Adjourned until Tuesday, January 22, 2019 10:00:00 AM

Please note: PA numbers 632 through 690 were updated on January 4th.

Michigan Legislature

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Section 600.6034

Act 236 of 1961

600.6034 Execution; property subject to chattel mortgage.

Sec. 6034.

The purchaser at a sale of goods or chattels pledged by way of mortgage or otherwise shall be entitled to pay, before foreclosure, to the person holding the mortgage or pledge the amount actually due thereon, or otherwise perform before foreclosure, the terms and conditions of the pledge, and on payment or performance, or on full tender thereof, shall acquire all the right, interest, and property which the defendant in execution would have had in such goods and chattels if no pledge or mortgage had been made.

History: 1961, Act 236, Eff. Jan. 1, 1963

© 2017 Legislative Council, State of Michigan

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