{"data":{"id":"us-mi/mich.-comp.-laws-26.4","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 26.4","heading":"Bidder's deposit; forfeiture.","body":"Sec. 4.\n\nEach bidder shall deposit with the state treasurer before making his proposal a certified check for the sum of 1,000 dollars which is to be forfeited to the state in case he shall fail to enter into a contract in accordance with this act if said board shall declare him to be the successful bidder, and he shall take a receipt from said treasurer and deposit it with his proposal.","path":["MI Code","Chapter 26","Act Act-385-of-1927"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-26-4","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"598911762775cc69acc81aa0961ef6ae998b2f56d4d3b47e478bfc883c59dcfd","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-26.3","next":"us-mi/mich.-comp.-laws-26.5"},"notice":"GroundRules: Original legal text. Not legal advice."}