Section 445.1755 Storage; Loss of Ownership Rights.

MI Comp L § 445.1755 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 5.

Except as provided in section 7, the owner of an article delivered to a business for the purpose of storage shall lose his or her ownership rights to the article not less than 1 year after the date on which the storage agreement terminated or expired if the article has been in the possession of that business for more than 1 year after the storage agreement terminated or expired.

History: 1989, Act 257, Imd. Eff. Dec. 26, 1989