Mich. Comp. Laws § 35.905
This is the official text of Mich. Comp. Laws § 35.905, 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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Serial bonds and notes; mutilation, replacement.
Official statutory text
Sec. 5.
In case any bond or note issued under the provisions of this act shall become mutilated the state administrative board may, upon such terms and conditions as it may prescribe, provide for the issuance of a new bond or note with like terms, in exchange and substitution therefor. Such new bond or note shall be executed in the manner herein provided.
History: 1947, Act 4, Imd. Eff. Feb. 6, 1947; CL 1948, 35.905
In case any bond or note issued under the provisions of this act shall become mutilated the state administrative board may, upon such terms and conditions as it may prescribe, provide for the issuance of a new bond or note with like terms, in exchange and substitution therefor. Such new bond or note shall be executed in the manner herein provided.
History: 1947, Act 4, Imd. Eff. Feb. 6, 1947; CL 1948, 35.905
Status: in_force · Read it on the official government site
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