Michigan § 285.327 Use of money; severability; audit.

Michigan Statutes

§ 285.327 — Use of money; severability; audit.

Michigan § 285.327

Ch. 285AGRICULTURE

Act 198 of 2003FARM PRODUCE INSURANCE ACT (285.311-285.331)

This text of Michigan § 285.327 (Use of money; severability; audit.) 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 § 285.327 (2026).

Text

FARM PRODUCE INSURANCE ACT (EXCERPT) Act 198 of 2003 285.327 Use of money; severability; audit. Sec. 17.

(1)The board shall use money in the fund only for a purpose described in section 9(1). This section is not severable from the whole of this act, and if any portion of this section is held invalid, it is the manifest intent of the legislature that this act as a whole shall be held invalid and the money remaining in the fund distributed to producers at the time and in the amounts established by the board.

(2)At least annually, a certified public accountant selected by the board shall audit the financial records of the fund. Within 30 days after completion of the audit, the certified public accountant shall give copies of the audit to the director and the other members of the board. The

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

FARM PRODUCE INSURANCE ACT (EXCERPT) Act 198 of 2003 285.327 Use of money; severability; audit. Sec. 17. (1) The board shall use money in the fund only for a purpose described in section 9(1). This section is not severable from the whole of this act, and if any portion of this section is held invalid, it is the manifest intent of the legislature that this act as a whole shall be held invalid and the money remaining in the fund distributed to producers at the time and in the amounts established by the board. (2) At least annually, a certified public accountant selected by the board shall audit the financial records of the fund. Within 30 days after completion of the audit, the certified public accountant shall give copies of the audit to the director and the other members of the board. The board shall publish an activity and financial report annually and make it available to the public on request.