House Judiciary Committee takes up molders’ lien measures

A package of bills before the House Judiciary Committee would allow industrial mold and special tool manufactures that haven’t been paid to repossess their products 30 days after asserting a lien and demanding payment from their customers and end users.

The committee will take testimony on HB 4356, 4357, 4358 and 4359 on Wednesday, Feb. 17.

The measures supplement a ruling by the Michigan Court of Appeals in Delta Engineered Plastics v. Autolign Manufacturing Group, that a mold manufacturer’s possessory lien trumped a lender’s secured interest in plastic injection molds.

Check out a Michigan Lawyers Weekly story about the case.