{"data":{"id":"us-mi/mich.-comp.-laws-460.463","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 460.463","heading":"Forfeiture of security to pledgee or assignee.","body":"Sec. 3.\n\nA pledge or assignment may allow forfeiture of the security to the pledgee or assignee for default or noncompliance with the terms of the loan.","path":["MI Code","Chapter 460","Act Act-182-of-1971"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-460-463","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"0d51692566cbd7376890929a221c7a9719cd6063f18b3c432c3f2d39ffced590","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-460.462","next":"us-mi/mich.-comp.-laws-460.911"},"notice":"GroundRules: Original legal text. Not legal advice."}