Mich. Comp. Laws § 15.71
This is the official text of Mich. Comp. Laws § 15.71, part of Michigan’s Comp. Laws — part of the compiled statutory law of Michigan, published by the state as "Comp. Laws." Browse the sections below, each linked to its official government source.
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Procurement of bonds by certain state officers; cost.
Official statutory text
Sec. 1.
Whenever a bond is required by the laws of this state to be given by the secretary of state, state treasurer, director of the department of natural resources, attorney general, or superintendent of public instruction, the deputy or deputies of those officers, any other civil or military officer of this state, or any officer of any state institution, whether elected or appointed, who is charged with the duty of being the custodian of any state or institution funds, money, or property, that state or institution officer may procure the required bond from any surety company authorized by the laws of this state to execute the bond, and the cost of the bond, not exceeding 1/2 of 1% per year, shall be paid out of the treasury of this state.
History: 1905, Act 311, Imd. Eff. June 17, 1905; Am. 1907, Act 143, Imd. Eff. June 12, 1907; Am. 1913, Act 82, Eff. Aug. 14, 1913; CL 1915, 189; CL 1929, 390; CL 1948, 15.71; Am. 2002, Act 176, Imd. Eff. Apr. 23, 2002
Whenever a bond is required by the laws of this state to be given by the secretary of state, state treasurer, director of the department of natural resources, attorney general, or superintendent of public instruction, the deputy or deputies of those officers, any other civil or military officer of this state, or any officer of any state institution, whether elected or appointed, who is charged with the duty of being the custodian of any state or institution funds, money, or property, that state or institution officer may procure the required bond from any surety company authorized by the laws of this state to execute the bond, and the cost of the bond, not exceeding 1/2 of 1% per year, shall be paid out of the treasury of this state.
History: 1905, Act 311, Imd. Eff. June 17, 1905; Am. 1907, Act 143, Imd. Eff. June 12, 1907; Am. 1913, Act 82, Eff. Aug. 14, 1913; CL 1915, 189; CL 1929, 390; CL 1948, 15.71; Am. 2002, Act 176, Imd. Eff. Apr. 23, 2002
Status: in_force · Read it on the official government site
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