Michigan Compiled Laws Act 347 Of 1921 Guaranty Deposits (460.651 - 460.652)

AN ACT to allow public utilities to require a guaranty deposit; to require public utilities to pay interest on guaranty deposits; and to prescribe certain powers and duties of the Michigan public service commission.

History: 1921, Act 347, Eff. Aug. 18, 1921 ;-- Am. 1988, Act 168, Imd. Eff. June 17, 1988

Section 460.651 Guaranty Deposit; Approval Of Terms And Conditions.
A public utility regulated by the Michigan public service commission may require a ratepayer to pay a deposit as a guaranty for the payment...
Section 460.652 Rules.
The Michigan public service commission may prescribe by rule all of the following: (a) The circumstances under which a utility may require a guaranty...

Last modified: October 10, 2016