MI HB4708

Reduces the default period before a marina or boatyard can sell stored property from 180 days to 60 days when there is no prior lienholder on the vessel or equipment

Maintains the existing 180-day default period when there is a prior lienholder of record on the property

Applies the same 60-day/180-day distinction to the timeline for sending notice of default before conducting a lien enforcement sale

Makes technical language updates throughout the statute, including changing "who" to "that" for entities and replacing "his or her" with gender-neutral references to "the facility owner"