Lien For General Insurance

State:
Multi-State
Control #:
US-02836BG
Format:
Word; 
Rich Text
Instant download

Description

The Lien for General Insurance is an important document used in the construction and general contracting industry. It facilitates the assignment of a mechanic's lien from a general contractor (Assignor) to another party (Assignee) for debts related to labor and materials provided on a construction project. Key features of this form include the explicit identification of the parties involved, the legal description of the property in question, and detailed recourse to the debt secured by the lien. Users must fill in pertinent details such as dates, names, addresses, and amounts owed. Additionally, a copy of the original contract and the recorded Notice of Lien must be attached as exhibits. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants by providing a structured format to transfer lien rights, effectively enabling the Assignee to collect certain debts. Users are instructed to execute the document in the presence of a notary public to ensure legal validity, making it an essential tool for securing payment in the construction industry.
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FAQ

Profile DataPrint State Energy Profile (overview, data, & analysis) ReservesReservesMichiganPeriodCrude Oil (as of Dec. 31)53 million barrels2021Expected Future Production of Dry Natural Gas (as of Dec. 31)1,148 billion cu ft2021Expected Future Production of Natural Gas Plant Liquids12 million barrels20216 more rows

Michigan has an abundance of oil and natural gas located under its landscape. That abundance can be measured in many ways. One is output. Since 1925 more than 50,000 oil or natural gas wells have been drilled in Michigan.

Michigan's crude oil reserves and production are modest. The state's crude oil reserves and production each account for 0.1% of the nation's total. Commercial quantities of crude oil were first found in Michigan in 1925.

Unlike in other states, where big deposits of oil can be sucked out, much more targeted drilling is required in Michigan. There are more than 4,500 active oil wells and nearly 12,000 active natural gas wells ? all in the Lower Peninsula, ing to the Michigan Department of Environmental Quality.

Michigan is ranked #16 in the US based on Barrels of Oil Equivalent (BOE) produced in Feb 2023. You will also find information on the producers of wells as well as recent drilling permits, rigs and production data for producing wells which start in Jan 1982 and go through Dec 2022.

Michigan's oil and gas regulations are designed to provide excellent protection of the environment, natural resources, public health, public safety, and property, during oil and gas development activities. To date, approximately 60,000 oil and gas related wells have been drilled within the state of Michigan.

Since then, Michigan's crude oil production has steadily declined and was about 4.5 million barrels in 2022. Michigan has the largest residential sector consumption of propane in the nation. Michigan has one crude oil refinery, located near Detroit.

The Oil, Gas, and Minerals Division (OGMD) of the Michigan Department of Environment, Great Lakes, and Energy (EGLE) is tasked with administering the statute and rules subject to Part 615, Supervisor of Wells, of the Natural Resources and Environmental Protection Act, 1994, PA 451, as amended (NREPA).

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Lien For General Insurance