Michigan § 129.133 Replacement obligations; form; security; execution; formal requirements; indorsement.

Michigan Statutes

§ 129.133 — Replacement obligations; form; security; execution; formal requirements; indorsement.

Michigan § 129.133

Ch. 129PUBLIC FUNDS

Act 354 of 1972REPLACING OR PAYING OBLIGATIONS OF PUBLIC CORPORATION (129.131-129.135)

This text of Michigan § 129.133 (Replacement obligations; form; security; execution; formal requirements; indorsement.) 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 § 129.133 (2026).

Text

REPLACING OR PAYING OBLIGATIONS OF PUBLIC CORPORATION (EXCERPT) Act 354 of 1972 129.133 Replacement obligations; form; security; execution; formal requirements; indorsement. Sec.

3.A replacement obligation shall be of the same form and tenor and be secured in the same manner as the obligation originally issued. The replacement obligation shall be executed in the same manner and subject to the same formal requirements as those provided by law for the obligation originally issued. Obligations that are not registered as to payment of either principal or interest shall be indorsed with the word "replacement".

Free access — add to your briefcase to read the full text and ask questions with AI

REPLACING OR PAYING OBLIGATIONS OF PUBLIC CORPORATION (EXCERPT) Act 354 of 1972 129.133 Replacement obligations; form; security; execution; formal requirements; indorsement. Sec. 3. A replacement obligation shall be of the same form and tenor and be secured in the same manner as the obligation originally issued. The replacement obligation shall be executed in the same manner and subject to the same formal requirements as those provided by law for the obligation originally issued. Obligations that are not registered as to payment of either principal or interest shall be indorsed with the word "replacement".