Michigan Laws 600.6045 – Execution; refusal of highest bidder to take property; effect
Current as of: 2024 | Check for updates
|
Other versions
(1) If the highest bidder for any property at any sale on execution refuses to take and pay for it, he is liable for any loss on resale.
(2) In such case the officer shall sell the property again at the same time, or thereafter, giving notice of the second sale.
Terms Used In Michigan Laws 600.6045
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
(3) The officer conducting the sale may sue to enforce the liability under subsection (1), and may recover in the action the expenses of the second sale, and may tax reasonable attorney fees as costs.
(4) The officer shall account for what he receives on the second sale and for any damages recovered under subsection (1) as for so much received on the execution.