Michigan § 141.151 Definitions.

Michigan Statutes

§ 141.151 — Definitions.

Michigan § 141.151

Ch. 141MUNICIPAL FINANCING

Act 342 of 1969INTEREST RATES FOR PUBLIC CORPORATIONS (141.151-141.153)

This text of Michigan § 141.151 (Definitions.) 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 § 141.151 (2026).

Text

INTEREST RATES FOR PUBLIC CORPORATIONS (EXCERPT) Act 342 of 1969 141.151 Definitions. Sec. 1. As used in this act:

(a)"Public corporation" means any body corporate organized by or pursuant to the laws of this state to carry out a public governmental or propriety function, including, without limitation on the foregoing, the state or any school district, city, village, township, county, district, commission, authority, university, college, or any combination thereof, which is a corporate entity.

(b)"Bonds or other evidences of indebtedness" means any instrument providing for the payment of money, executed by or on behalf of a public corporation or which a public corporation has assumed and agreed to pay, including, without limitation on the foregoing bonds, notes, contracts, leases and cer

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

INTEREST RATES FOR PUBLIC CORPORATIONS (EXCERPT) Act 342 of 1969 141.151 Definitions. Sec. 1. As used in this act: (a) "Public corporation" means any body corporate organized by or pursuant to the laws of this state to carry out a public governmental or propriety function, including, without limitation on the foregoing, the state or any school district, city, village, township, county, district, commission, authority, university, college, or any combination thereof, which is a corporate entity. (b) "Bonds or other evidences of indebtedness" means any instrument providing for the payment of money, executed by or on behalf of a public corporation or which a public corporation has assumed and agreed to pay, including, without limitation on the foregoing bonds, notes, contracts, leases and certificates, but shall not include bonds or other evidences of indebtedness issued pursuant to Act No. 346 of the Public Acts of 1966, as amended.