Michigan § 26.4 - Bidder's deposit; forfeiture.
Full text of Michigan Michigan Compiled Laws § 26.4 — Bidder's deposit; forfeiture., with citation guidance and answers to common questions.
§ 26.4. Bidder's deposit; forfeiture.
Each bidder shall deposit with the state treasurer before making his proposal a certified check for the sum of 1,000 dollars which is to be forfeited to the state in case he shall fail to enter into a contract in accordance with this act if said board shall declare him to be the successful bidder, and he shall take a receipt from said treasurer and deposit it with his proposal.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 26.4
What does Michigan Compiled Laws § 26.4 cover?
Section 26.4 ("Bidder's deposit; forfeiture.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 26.4?
A common citation format is "Michigan Compiled Laws § 26.4" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 26.4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.