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Michigan · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Mich. Comp. Laws § 324.79111: Consideration for issuance of lease; reduction of initial financial burden.

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Where this section sits in the code
  1. MI Code
  2. Chapter 324
  3. Act Act-451-of-1994

Sec. 79111.

A lease entered into by the department under this part shall not be issued without consideration. However, the department may establish annual lease payments, which reduce the initial financial burden on the lessee as much as is reasonably possible, with subsequent payments to be appropriately increased to assure payment of the total lease obligation prior to the termination of the lease.

Collected 2026-09-14T18:32:31Z. Source file · JSON

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