Michigan Statutes
§ 129.117 — Default in payment of principal, interest, or other income; remedies of depository.
Michigan § 129.117
JurisdictionMichigan
Ch. 129PUBLIC FUNDS
Act 367 of 1982SURPLUS FUNDS INVESTMENT POOL ACT (129.111-129.118)
This text of Michigan § 129.117 (Default in payment of principal, interest, or other income; remedies of depository.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Mich. Comp. Laws § 129.117 (2026).
Text
SURPLUS FUNDS INVESTMENT POOL ACT (EXCERPT) Act 367 of 1982 129.117 Default in payment of principal, interest, or other income; remedies of depository. Sec.
7.If a default occurs in the payment of principal, interest, or other income of an investment pool, the depository shall pursue all remedies available to it at law or in equity.
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Legislative History
1982, Act 367, Eff. Mar. 30, 1983
Nearby Sections
15
§ 129.11
Public money; definition.§ 129.111
Short title.§ 129.112
Definitions.§ 129.115
Maintaining separate account for each participant; monthly statement of transactions; report.§ 129.116
Powers and duties of depository.§ 129.121
Short title; bond cremation act.§ 129.122
Bond cremation act; definitions.Cite This Page — Counsel Stack
Bluebook (online)
Michigan § 129.117, Counsel Stack Legal Research, https://law.counselstack.com/statute/mi/129/129.117.