Michigan Compiled Laws § 254.312 Mackinac Bridge Authority; Corporate Existence, Terms.

254.312 Mackinac bridge authority; corporate existence, terms.

Sec. 2.

The corporate existence of the authority shall continue until all of its liabilities have been met and the bonds, including refunding bonds, have been paid in full or otherwise discharged and when all such liabilities and bonds have been discharged in full, all rights and properties of the authority shall pass to and be vested in the state.

History: 1952, Act 214, Imd. Eff. Apr. 30, 1952

Section: 254.311  254.312  254.313  254.314  254.315  254.316  254.317  254.318  254.319  254.320  254.321  254.322  254.323  254.324  254.325  Next

Last modified: October 10, 2016