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Bidder's Deposit; Forfeiture - Mich. Comp. Laws Section 26.4

Legal Research Home > Michigan Laws > Supreme Court Reports > Bidder's Deposit; Forfeiture - Mich. Comp. Laws Section 26.4

26.4 Bidder's deposit; forfeiture.

Sec. 4.

Each bidder shall deposit with the state treasurer before making his proposal a certified check for the sum of 1,000 dollars which is to be forfeited to the state in case he shall fail to enter into a contract in accordance with this act if said board shall declare him to be the successful bidder, and he shall take a receipt from said treasurer and deposit it with his proposal.

History: 1927, Act 385, Eff. Sept. 5, 1927 ;-- CL 1929, 526 ;-- CL 1948, 26.4

Section: Previous 26.1 26.2 26.3 26.4 26.5 26.6 26.7 26.8 26.9 26.10 26.11 26.12 26.13 26.14 26.21 Next

Last modified: March 17, 2013