Michigan Compiled Laws § 460.463 Forfeiture Of Security To Pledgee Or Assignee.

460.463 Forfeiture of security to pledgee or assignee.

Sec. 3.

A pledge or assignment may allow forfeiture of the security to the pledgee or assignee for default or noncompliance with the terms of the loan.

History: 1971, Act 182, Imd. Eff. Dec. 20, 1971

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Last modified: October 10, 2016