(a) Lien; possession.--Molders shall have a lien, dependent on possession, on all dies, molds or forms in their hands belonging to a customer for the balance due them from such customer for any manufacturing or fabrication work and in the value of all material related to such work. The molder may retain possession of the die, mold or form until the charges are paid.

(b) Notice.--Before enforcing such lien, notice in writing shall be given to the customer, whether delivered personally or sent by registered mail, return receipt requested, to the last known address of the customer. This notice shall state that a lien is claimed for the damages set forth in or attached to such writing for manufacturing or fabrication work contracted or performed for the customer. This notice shall also include a demand for payment.

(c) Sale.--If the molder has not been paid the amount due within 60 days after the molder has received the return receipt of the notice sent under subsection (b), the molder may sell the die, mold or form at a public auction.