Detroit Michigan Certificate of Discharge of Lien - Corporation or LLC

• Category: Michigan Liens - Construction - Mechanics
• State: Michigan
• City: Detroit
• Control #: MI-16A-09
• Format: Word; Rich Text

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 Detroit Michigan Certificate of Discharge of Lien — Corporation or LLC is a legal document that serves to release a corporation or limited liability company (LLC) from the liability or obligation associated with a previously filed lien. This document is specific to the city of Detroit, Michigan, and is crucial in ensuring the free transfer of assets or property. The Certificate of Discharge of Lien is typically utilized when a corporation or LLC has satisfied the outstanding debt or obligation that led to the filing of the lien. This document provides evidence that the entity has fulfilled its legal responsibility and is no longer encumbered by the lien. There are different types of Detroit Michigan Certificate of Discharge of Lien — Corporation or LLC, depending on the nature of the lien being discharged. Some common types include tax liens, mechanic's liens, and judgment liens, among others. A tax lien discharge is used when a corporation or LLC has fulfilled its tax obligations and is seeking to release any encumbrances on its property or assets. Mechanic's lien discharge, on the other hand, is utilized when the entity has paid the contractors or suppliers in full for the specified work or service, enabling the removal of the lien from the property. Lastly, a judgment lien discharge is employed when a corporation or LLC has fully satisfied a court-ordered judgment against it, resulting in the removal of the lien. Regardless of the specific type, the Detroit Michigan Certificate of Discharge of Lien — Corporation or LLC typically requires the identification of the lien, including the filing date and the parties involved. It also demands information such as the name and address of the corporation or LLC seeking the discharge, along with any relevant identification numbers or references. The document must be signed by an authorized representative of the corporation or LLC, typically an officer or member, and notarized to ensure its validity. Additionally, it may require supporting documentation that substantiates the fulfillment of the obligation or debt associated with the lien, such as receipts, payment records, or court documents. In conclusion, the Detroit Michigan Certificate of Discharge of Lien — Corporation or LLC is a crucial legal document in releasing a corporation or LLC from the liability of a previously filed lien. Its different types cater to various situations, such as tax, mechanic's, or judgment liens. By properly completing and filing this document, a corporation or LLC can ensure the unencumbered transfer of assets and property, while also maintaining their legal compliance and financial standing.

The Detroit Michigan Certificate of Discharge of Lien — Corporation or LLC is a legal document that serves to release a corporation or limited liability company (LLC) from the liability or obligation associated with a previously filed lien. This document is specific to the city of Detroit, Michigan, and is crucial in ensuring the free transfer of assets or property. The Certificate of Discharge of Lien is typically utilized when a corporation or LLC has satisfied the outstanding debt or obligation that led to the filing of the lien. This document provides evidence that the entity has fulfilled its legal responsibility and is no longer encumbered by the lien. There are different types of Detroit Michigan Certificate of Discharge of Lien — Corporation or LLC, depending on the nature of the lien being discharged. Some common types include tax liens, mechanic's liens, and judgment liens, among others. A tax lien discharge is used when a corporation or LLC has fulfilled its tax obligations and is seeking to release any encumbrances on its property or assets. Mechanic's lien discharge, on the other hand, is utilized when the entity has paid the contractors or suppliers in full for the specified work or service, enabling the removal of the lien from the property. Lastly, a judgment lien discharge is employed when a corporation or LLC has fully satisfied a court-ordered judgment against it, resulting in the removal of the lien. Regardless of the specific type, the Detroit Michigan Certificate of Discharge of Lien — Corporation or LLC typically requires the identification of the lien, including the filing date and the parties involved. It also demands information such as the name and address of the corporation or LLC seeking the discharge, along with any relevant identification numbers or references. The document must be signed by an authorized representative of the corporation or LLC, typically an officer or member, and notarized to ensure its validity. Additionally, it may require supporting documentation that substantiates the fulfillment of the obligation or debt associated with the lien, such as receipts, payment records, or court documents. In conclusion, the Detroit Michigan Certificate of Discharge of Lien — Corporation or LLC is a crucial legal document in releasing a corporation or LLC from the liability of a previously filed lien. Its different types cater to various situations, such as tax, mechanic's, or judgment liens. By properly completing and filing this document, a corporation or LLC can ensure the unencumbered transfer of assets and property, while also maintaining their legal compliance and financial standing.

Law summary