Bonds; Protection of Outstanding Bonds - Mich. Comp. Laws Section 247.668g
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247.668g Bonds; protection of outstanding bonds.
Sec. 18g.
Nothing contained in this act shall be construed in such manner as to violate or impair any substantive rights existing in the holders of any outstanding bonds, notes or other evidences of indebtedness issued under the provisions of Act No. 205 of the Public Acts of 1941, as amended, Act No. 87 of the Public Acts of 1955, as amended, Act No. 143 of the Public Acts of 1943, as amended, or Act No. 175 of the Public Acts of 1952. It is hereby declared to be the determination and intent of the legislature that adequate and complete provision has been made in this act for the protection and preservation of the rights and security of the bonds issued and outstanding under the provisions of the laws.
History: Add. 1957, Act 262, Eff. July 1, 1957
Compiler's Notes: Act 87 of 1955, referred to in this section, was repealed by Act 1 of 1956, Ex. Sess., Act 263 of 1957, and Act 6 of 1967, Ex. Sess.
Popular Name: McNitt Act
Popular Name: Michigan Transportation Fund Act
Section: 247.667a 247.668a 247.668b 247.668c 247.668d 247.668e 247.668f 247.668g 247.668h 247.668i 247.668j 247.668k 247.668l 247.669 247.670
Last modified: March 17, 2013
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