April 26, 2007, Introduced by Reps. Byrnes, Mayes, Coulouris, Dean, Polidori, Gonzales and Hopgood and referred to the Committee on Commerce.
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. If the sale is a
bankruptcy sale, the clerk of the city, village, or township
receiving the application may waive the fee if the applicant
provides with the application a copy of an order of a federal
bankruptcy court approving or directing the holding of the sale.