{"data":{"id":"us-mi/mich.-comp.-laws-129.149","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 129.149","heading":"Default; powers of treasurer.","body":"Sec. 9.\n\nIf a default occurs in the payment of principal, interest, or other income of an investment of the investment pool, the treasurer of the participating county may do 1 or more of the following:\n\nInstitute a proceeding to collect the matured principal, interest, or other income.\n\nAccept a compromise, adjustment, or disposition of the matured principal, interest, or other income as the county treasurer considers advisable for the purpose of protecting the money invested in the investment pool.\n\nAccept a compromise or adjustment as to future payments of principal, interest, or other income as the county treasurer considers advisable for the purpose of protecting money invested in the investment pool.","path":["MI Code","Chapter 129","Act Act-121-of-1985"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-129-149","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"6e7ad0957cef6f4bafe42d87eaed97eb2a70e3cefbdd5129e209f48962fe732a","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-129.148","next":"us-mi/mich.-comp.-laws-129.150"},"notice":"GroundRules: Original legal text. Not legal advice."}