State Codes and Statutes

Statutes > Michigan > Chapter-460 > Act-182-of-1971 > Section-460-463

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

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

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

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