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INTEREST ON CONTRACTS BETWEEN CITIZENS OF MICHIGAN AND OTHER STATES
Act 140 of 1861
AN ACT relative to the interest on contracts between citizens of this state, and other states and countries, payable elsewhere than in this state.
History: 1861, Act 140, Eff. June 16, 1861
© 2017 Legislative Council, State of Michigan
The People of the State of Michigan enact:
|Section 438.151||Section||Interest rate; obligations payable out of state.
|Section 438.152||Section||Interest valid in this state; defense of usury not available.
|Section 438.153||Section||Interest valid in this state; lawful to take, reserve, or discount.
|Section 438.154||Section||Contract made in state or with citizen of state; principal and interest payable out of state; governing law.