MCL - Act 201 of 2010
AN ACT to create a lien against real property for unpaid commercial real estate broker's commissions and services; and to provide remedies.
History: 2010, Act 201, Imd. Eff. Oct. 5, 2010
| Document | Type | Description |
|---|---|---|
| Section 570.581 | Section | Short title. |
| Section 570.582 | Section | Definitions. |
| Section 570.583 | Section | Commercial real estate broker's lien; availability. |
| Section 570.584 | Section | Lien; attachment; conditions; recording; time of filing; contents of claim; form; mailing; claim of lien as void and unenforceable; priority of prior-recorded lien or mortgage; "lease" defined. |
| Section 570.585 | Section | Escrow account; establishment to satisfy lien; release. |
| Section 570.586 | Section | Action to enforce lien; complaint. |
| Section 570.587 | Section | Commencement of action; time period. |
| Section 570.588 | Section | Sale of interest in commercial real estate; court order; order of foreclosure; period of redemption; order of deficiency judgment; costs. |
| Section 570.589 | Section | Written demand on behalf of owner of commercial real estate; service. |
| Section 570.590 | Section | Condition prohibiting compensation; release of lien. |
| Section 570.591 | Section | Payment of claim or failure to commence action; release of lien. |
| Section 570.592 | Section | Partial payment of lien claim; partial satisfaction and release of lien; form. |
| Section 570.593 | Section | Priority of subsequently recorded mortgage; condition. |
| Section 570.594 | Section | Written commission agreement signed after effective date of act; applicability. |