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2021 Michigan Compiled Laws
Chapter 460 - Public Utilities
Act 347 of 1921 - Guaranty Deposits (460.651 - 460.652)
Section 460.652 - Rules.
Universal Citation: MI Comp L § 460.652 (2021)
460.652 Rules.
Sec. 2.
The Michigan public service commission may prescribe by rule all of the following:
(a) The circumstances under which a utility may require a guaranty deposit.
(b) The amount of the guaranty deposit.
(c) The interest rate payable on the guaranty deposit.
(d) The method by which the utility will pay interest on the guaranty deposit to the ratepayer.
(e) The circumstances under which the guaranty deposit must be returned to the ratepayer.
History: 1921, Act 347, Eff. Aug. 18, 1921 ;-- CL 1929, 11109 ;-- CL 1948, 460.652 ;-- Am. 1988, Act 168, Imd. Eff. June 17, 1988
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