Michigan § 440.9617 - Rights of transferee of collateral.
Full text of Michigan Michigan Compiled Laws § 440.9617 — Rights of transferee of collateral., with citation guidance and answers to common questions.
§ 440.9617. Rights of transferee of collateral.
A secured party's disposition of collateral after default does all of the following:
Transfers to a transferee for value all of the debtor's rights in the collateral.
Discharges the security interest under which the disposition is made.
Discharges any subordinate security interest or other subordinate lien.
A transferee that acts in good faith takes free of the rights and interests described in subsection (1), even if the secured party fails to comply with this article or the requirements of any judicial proceeding.
If a transferee does not take free of the rights and interests described in subsection (1), the transferee takes the collateral subject to all of the following:
The debtor's rights in the collateral.
The security interest or agricultural lien under which the disposition is made.
Any other security interest or other lien.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 440.9617
What does Michigan Compiled Laws § 440.9617 cover?
Section 440.9617 ("Rights of transferee of collateral.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 440.9617?
A common citation format is "Michigan Compiled Laws § 440.9617" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 440.9617 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.