Mich. Comp. Laws § 129.42

Current through Public Act 171 of the 2024 Legislative Session

Section 129.42 - Security for deposit prohibited

Security in the form of collateral, surety bonds, or another form shall not be taken for the deposit of the public funds.

MCL 129.42

Add. 1979, Act 77, Imd. Eff. 8/1/1979 .