{"data":{"id":"us-mi/mich.-comp.-laws-331.1412","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 331.1412","heading":"Corporation obligations; statutory provisions to which issuance of obligations subject; legality.","body":"Sec. 412.\n\nExcept as provided in subsection (2), the corporation obligations shall not be subject to the provisions of the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821. The issuance of corporate obligations described in this subsection is subject to the agency financing reporting act.\n\nCorporate obligations for which a local governmental unit pledges its full faith and credit to guarantee payment are subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.","path":["MI Code","Chapter 331","Act Act-230-of-1987"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-331-1412","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"216280667df0951c319b256bdc139f51011ab5f46fa76075ee0d78c5f25e5218","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-331.1411","next":"us-mi/mich.-comp.-laws-331.1413"},"notice":"GroundRules: Original legal text. Not legal advice."}