Section 445.374 - License; deposit; subjection to claims; balance, deposit. - Michigan Statutes

TRANSIENT MERCHANTS (EXCERPT)
Act 51 of 1925

445.374 License; deposit; subjection to claims; balance, deposit.

Sec. 4.

Deposits made with such county treasurer as required by the preceding section shall be subject to claims of creditors and claims for local license fees on behalf of any city, village or township in all cases where a judgment has been obtained against such transient merchant in any court in this state and the time for appealing such judgment has expired. In such cases garnishment proceedings may be commenced in such court against said county treasurer. It shall thereupon be the duty of the county treasurer to remit to any such court any balance of said cash deposit remaining in his hands not exceeding the amount of said judgment, for the purpose of satisfying the same. Any balance of said cash deposit remaining in the hands of the county treasurer 4 months after the expiration of said license shall be remitted to said transient merchant, provided, if, at such date, the county treasurer shall have received notice of any suit then pending against said transient merchant, said deposit shall not be returned until 60 days after the termination of such suit.

History: 1925, Act 51, Eff. Aug. 27, 1925 ;-- CL 1929, 9751 ;-- CL 1948, 445.374