Michigan Laws 125.541a – Enforcement of judgment against other assets; lien; effectiveness; priority
Current as of: 2024 | Check for updates
|
Other versions
(1) A judgment in an action brought pursuant to section 141(7) may be enforced against assets of the owner other than the building or structure.
(2) A city, village, or township shall have a lien for the amount of a judgment obtained pursuant to section 141(7) against the owner’s interest in all real property located in this state that is owned in whole or in part by the owner of the building or structure against whom the judgment is obtained. A lien provided for in this section does not take effect until notice of the lien is filed or recorded as provided by law, and the lien does not have priority over prior filed or recorded liens and encumbrances.
Terms Used In Michigan Laws 125.541a
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- shall: is a lways mandatory and not directory, and denotes that the dwelling shall be maintained in all respects according to the mandate as long as it continues to be a dwelling. See Michigan Laws 125.402
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o