There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 460 - PUBLIC UTILITIES
Act 182 of 1971 - LOANS TO CITIES OR VILLAGES OWNING PUBLIC UTILITIES (460.461 - 460.463)
Section 460.463 - Forfeiture of security to pledgee or assignee.
LOANS TO CITIES OR VILLAGES OWNING PUBLIC UTILITIES (EXCERPT)Act 182 of 1971
460.463 Forfeiture of security to pledgee or assignee.
Sec. 3.
A pledge or assignment may allow forfeiture of the security to the pledgee or assignee for default or noncompliance with the terms of the loan.
History: 1971, Act 182, Imd. Eff. Dec. 20, 1971
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
