Lansing Michigan Certificate of Discharge of Lien - Corporation or LLC

State:
Michigan
City:
Lansing
Control #:
MI-16A-09
Format:
Word; 
Rich Text
Instant download

Description

Michigan statutes require that when a lien has been fully paid, the lien claimant shall issue to the property owner a certificate stating that the claim has been paid and the lien discharged.

The Lansing Michigan Certificate of Discharge of Lien is an essential legal document that applies to both corporations and limited liability companies (LCS) operating within the state. It serves as proof that a lien on real property owned by a corporation or LLC has been fully satisfied and discharged. This certificate is crucial for resolving any potential disputes or complications arising from the existence of a prior lien. There are two primary types of Lansing Michigan Certificate of Discharge of Lien specifically tailored for corporations and LCS: 1. Lansing Michigan Certificate of Discharge of Lien — Corporation: This certificate is utilized when a corporation has successfully paid off or otherwise resolved a lien placed upon their property. It certifies that the lien has been discharged entirely and released from the corporation's property title. Obtaining this certificate grants the corporation legal protection, preventing any further claims or encumbrances on the property due to the discharged lien. 2. Lansing Michigan Certificate of Discharge of Lien — LLC: Similar to the corporation version, this certificate is designed specifically for LCS. It serves as proof that the LLC has satisfied all outstanding obligations related to a lien on its property. By obtaining this certificate, an LLC can ensure that its property title is free from any further claims or encumbrances due to the discharged lien. Keywords: Lansing Michigan, Certificate of Discharge of Lien, Corporation, LLC, real property, lien, satisfied, discharged, legal document, proof, disputes, complications, prior lien, protection, encumbrances, property title, obligations, outstanding.

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FAQ

Any non-electronic liens attached to an electronic title may be released at a Secretary of State office once the customer provides the appropriate paperwork documenting that the lien is fully paid. Electronic liens can only be released electronically by the lienholder.

If you are seeking to remove a lien from a vehicle, the lender will typically send the release of lien once the loan is paid in full. It can take up to thirty days to receive the title and the lien release after the final payment.

A professional limited liability company that is not in good standing remains in existence and may continue to transact business in this state.

How long does it take to get a Certificate of Good Standing? It depends on how you order the certificate. Normal Processing is 3?5 business days from the time we receive the order until you have it through regular U.S. mail. If you need the certificate notarized, the processing time is increased to 5?7 business days.

The Michigan Construction Lien Act, MCL 570.1101, et seq., provides a remedy for a contractor who is not paid on a particular project to record a construction lien on the underlying property, and, if payment is not received, foreclose on that property.

Failure to record the lien within 90 days of the last work will invalidate the lien. Unless an owner pays pursuant to sworn statements and lien waivers, the owner risks that an unpaid contractor or supplier will later record a lien against the property.

Discharging an old construction lien in Michigan is a 3-step process: Prepare an Affidavit.Submit the Affidavit to the County Clerk.Record the Certificate.

Only business entities that are active can have a good standing status, so a business that has been voluntarily terminated will also show ?not in good standing? because it is no longer active. The status can be returned to Good Standing by addressing the manner in which the business is out of compliance.

A limited liability company that is not in good standing is not entitled to issuance by the administrator of a certificate of good standing described in subsection (1), the name of the company is available for use by another entity filing with the administrator, and the administrator shall not accept for filing any

To Order By Mail: Complete form CSCL/CD-274. Address your request to: LARA, Corporations Division, P.O. Box 30054, Lansing, MI 48909. Payment: Make your check or money order payable to the State of Michigan. The mailing address is LARA, Corporations Division, P.O. Box 30054, Lansing, MI 48909.

More info

To renew or open a new DBA, please complete the form located here. The Michigan Realtors®, 720 N. Washington Ave.Homeowner Construction Lien Recovery Fund. Complete and authoritative of all the state land title standards in the United States. What is the difference between a certificate of mailing and certified mail? Out in January, once they have the approval of the Building Authority. Lansing, Michigan 48909. Reimbursement for the EMPG program is contingent upon completion of the activities in the signed.

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Lansing Michigan Certificate of Discharge of Lien - Corporation or LLC