MCL - Act 140 of 1861

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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




The People of the State of Michigan enact:
Document Type Description
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.