Michigan § 129.123 Cremation or disintegration of public obligations or interest coupons.

Michigan Statutes

§ 129.123 — Cremation or disintegration of public obligations or interest coupons.

Michigan § 129.123

Ch. 129PUBLIC FUNDS

Act 56 of 1962BOND CREMATION ACT (129.121-129.125)

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Bluebook

Mich. Comp. Laws § 129.123 (2026).

Text

BOND CREMATION ACT (EXCERPT) Act 56 of 1962 129.123 Cremation or disintegration of public obligations or interest coupons. Sec.

3.Subject to the provisions of this act, the governing body of any public corporation may authorize the cremation or disintegration of obligations or interest coupons. As an alternative, subject to the provisions of this act, any public corporation may enter into an agreement with a paying agent for the cremation or disintegration of its obligations and interest coupons, which agreement shall be approved and its execution authorized by the governing body.

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BOND CREMATION ACT (EXCERPT) Act 56 of 1962 129.123 Cremation or disintegration of public obligations or interest coupons. Sec. 3. Subject to the provisions of this act, the governing body of any public corporation may authorize the cremation or disintegration of obligations or interest coupons. As an alternative, subject to the provisions of this act, any public corporation may enter into an agreement with a paying agent for the cremation or disintegration of its obligations and interest coupons, which agreement shall be approved and its execution authorized by the governing body.