2006 Michigan Compiled Laws - Act 213 of 1963


CONTRACTOR'S BOND FOR PUBLIC BUILDINGS OR WORKS

Act 213 of 1963

AN ACT to provide a procedure for bonding contractors for public buildings and public works of governmental units; and to repeal certain acts and parts of acts.


History: 1963, Act 213, Eff. Sept. 6, 1963




The People of the State of Michigan enact:

DocumentDescription
Section 129.201Bonds of principal contractor on public building, work, or improvement; irrevocable letter of credit.
Section 129.202Performance bond; amount; condition; purpose.
Section 129.203Payment bond; amount; purpose.
Section 129.204Bond, surety, obligee.
Section 129.205Filing of bond.
Section 129.206Public works, contractor's bond; definitions.
Section 129.207Enforcement of claims; notice of supplier to principal contractor or governmental unit; payment to subcontractor.
Section 129.208Copies of bonds and contracts; fees.
Section 129.209Venue; statute of limitations.
Section 129.210Application of statute.
Section 129.211Repeal; restriction on other statute.
Section 129.212Act inapplicable to contracts awarded under §§ 280.1 to 280.630.

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