MCL - 230-1987-4

MUNICIPAL HEALTH FACILITIES CORPORATIONS ACT (EXCERPT)
Act 230 of 1987
Chapter 4

Document Type Description
Section 331.1401 Section Board of trustees or subsidiary board; power to borrow money and issue notes; resolution; applicability of revised municipal finance act.
Section 331.1402 Section Corporation or subsidiary corporation; additional powers; prohibited conduct.
Section 331.1403 Section Corporation or subsidiary corporation; additional powers; refinancing or refunding indebtedness; redemption; limitation; determination of board of trustees or subsidiary conclusive; exception.
Section 331.1404 Section Corporation obligations as general obligations of issuing corporation or subsidiary corporation; corporation obligations neither local governmental unit nor state debt.
Section 331.1405 Section Provisions of resolution authorizing issuance of corporation obligations as part of contract.
Section 331.1406 Section Corporation obligations generally.
Section 331.1407 Section Refunding corporation obligations.
Section 331.1408 Section Security instruments to continue in effect until principal and interest on corporation obligations paid in full; terms of security instrument; recital.
Section 331.1409 Section Lien of pledge.
Section 331.1410 Section Personal liability on notes or corporation obligations.
Section 331.1411 Section Pledge and agreement of state.
Section 331.1412 Section Corporation obligations; statutory provisions to which issuance of obligations subject; legality.
Section 331.1413 Section Corporation obligations as negotiable instruments under uniform commercial code.
Section 331.1414 Section Notes and corporation obligations as investment securities.
Section 331.1415 Section State covenants with purchasers, subsequent holders, and transferees of notes and corporation obligations.