There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - Mich. Comp. Laws § 129.117 Default in payment of principal, interest, or other income; remedies of depository.
Act 367 of 1982 129.117 Default in payment of principal, interest, or other income; remedies of depository. Sec. 7. If a default occurs in the payment of principal, interest, or other income of an investment pool, the depository shall pursue all remedies available to it at law or in equity.
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