HB-4673, As Passed Senate, September 20, 2007

SUBSTITUTE FOR

HOUSE BILL NO. 4673

     A bill to amend 1961 PA 39, entitled

"An act to regulate insurance, bankruptcy, mortgage, insolvent,

assignee's, executor's, administrator's, receiver's, trustee's

removal and closing out sales, and sales of goods, wares and

merchandise damaged by fire, smoke, water or otherwise; to provide

penalties for the violation hereof; and to repeal certain acts and

parts of acts,"

by amending section 6 (MCL 442.216).

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

     Sec. 6. (1) A license to conduct a sale issued pursuant to

under this act shall not be issued or valid for a period of more

than 30 days from the start of the sale, and the sale may be

conducted only during the period set forth in the license. The

     (2) A license to conduct a sale issued under this act may be

renewed not more than twice, for a period not to exceed 30 days for

each renewal. upon A person requesting a renewal under this

subsection must provide an affidavit of the licensee that the goods

listed in the inventory have not been disposed of and that no new

goods have been or will be added to the inventory previously filed

pursuant to this act, by purchase, acquisition on consignment, or

otherwise. The application for renewal of the license shall be made

not more than 13 days prior to before the time of the expiration of

the license and shall contain a new inventory of goods remaining on

hand at the time the application for renewal is made, which new

inventory shall be prepared and furnished in the same manner and

form as the original inventory. No A renewal shall not be granted

if any goods have been added to the stock listed in the inventory

since the date of the issuance of the license.

     (3) A fee of $50.00 shall accompany an application for the

license and for the renewal of a license, unless the clerk of the

city, village, or township receiving the application waives that

fee.