Michigan § 12.275 - Bond issue; determination.
Full text of Michigan Michigan Compiled Laws § 12.275 — Bond issue; determination., with citation guidance and answers to common questions.
§ 12.275. Bond issue; determination.
For each bond issue, the authority shall determine or prescribe the method of determining all of the following:
(a) The date of issue.
(b) Whether the bonds shall bear no interest, appreciate as to principal amount, bear interest at fixed or variable rates, or any combination of these.
(c) Whether the bonds are payable at or before maturity.
(d) When the bonds shall mature.
(e) Whether the authority may redeem the bonds prior to maturity, at what price, and under what conditions.
(f) The method of payment of principal of and interest on the bonds.
(g) The form, denomination, and place of payment of principal of and interest on the bonds.
(h) If any officer whose signature, or the facsimile of whose signature, appears on any bond shall cease to be that officer before the delivery of the bond, that signature or facsimile shall nevertheless be valid and sufficient for all purposes as if he or she had remained in office until delivery of the bond.
(i) Any other term or condition necessary to issue the bonds.
Frequently Asked Questions About Michigan § 12.275
What does Michigan Compiled Laws § 12.275 cover?
Section 12.275 ("Bond issue; determination.") 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 § 12.275?
A common citation format is "Michigan Compiled Laws § 12.275" (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 § 12.275 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.