Posts Tagged ‘Builders Trust Fund Act’

Statutory Conversion Creativity

Statutory Conversion Creativity

  • January 22nd, 2010
  • W. Jay Brown
  • Comments Off on Statutory Conversion Creativity

Michigan’s statutory conversion statute (MCLA 600.2919a) used to confine its enhanced remedy to those who were wrongfully in receipt of converted assets. However, as it didn’t make sense to treat the person receiving the assets more harshly than the converter,…

The Powerful Remedies of the Builders Trust Fund Act

The Powerful Remedies of the Builders Trust Fund Act

  • January 22nd, 2010
  • W. Jay Brown
  • Comments Off on The Powerful Remedies of the Builders Trust Fund Act

It’s a typical scenario- a subcontractor or supplier is owed money from a contractor but hasn’t perfected a right to a construction lien. The subcontractor or supplier think they are out of luck and are stuck with an uncollectable breach…