Modifies enforcement of liens on watercraft stored at marinas in Michigan.

This bill amends the enforcement of liens on watercraft stored at marinas in Michigan. It specifies the procedures for notifying property owners and lienholders of a default and the sale of the property. It mandates that notices be sent by certified mail and published in local newspapers. The sale must occur at least 15 days after the first publication. The bill limits the marina owner's liability to the net proceeds from the sale after satisfying all liens and expenses. It also restricts marina owners to one lien for storage, labor, repairs, and other services.

Modifies enforcement of liens on watercraft stored at marinas in Michigan.

This bill amends the enforcement of liens on watercraft stored at marinas in Michigan. It specifies the procedures for notifying property owners and lienholders of a default and the sale of the property. It mandates that notices be sent by certified mail and published in local newspapers. The sale must occur at least 15 days after the first publication. The bill limits the marina owner's liability to the net proceeds from the sale after satisfying all liens and expenses. It also restricts marina owners to one lien for storage, labor, repairs, and other services.