There is a newer version of the Michigan Compiled Laws
2015 Michigan Compiled Laws
Chapter 257 - Motor Vehicles
Act 387 of 1978 LOANS TO MOTOR CARRIERS (257.931 - 257.937)
AN ACT to make appropriations to the department of state; to prescribe the powers and duties of the department of state and the state treasurer; to provide for loans to persons who own certain vehicles for the cost of their alteration or replacement; and to provide an interest rate for repayment of those loans.
History: 1978, Act 387, Imd. Eff. July 27, 1978 ;-- Am. 1979, Act 14, Imd. Eff. May 17, 1979
- Section 257.931 Loans to motor carriers; prerequisites; purpose; loans as investments for state recreational land acquisition trust fund; investigation; determination; applicability of section; condition of loan.
- Section 257.932 Loans to motor carriers; application; form; evidence of ownership; cost of modification or replacement; repayment plan; review and certification of application; time limitation.
- Section 257.933 Loans to motor carriers; amount; interest rate; time limitation; collection of repayments; restrictions; amount of money invested; appropriations.
- Section 257.934 Creation of security interest in name of state on vehicle; sign disclosing state's lien.
- Section 257.935 Disposition of revenues.
- Section 257.936 Conditional effective date.
- Section 257.937 Rules.
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