Mich. Comp. Laws § 129.42: Security for deposit prohibited.
Where this section sits in the code
- MI Code
- Chapter 129
- Act Act-321-of-1909
Sec. 2.
Security in the form of collateral, surety bonds, or another form shall not be taken for the deposit of the public funds.
Collected 2026-09-14T18:32:31Z. Source file · JSON