Michigan § 125.1428 - Notes and bonds; validity and effect of pledge.
Full text of Michigan Michigan Compiled Laws § 125.1428 — Notes and bonds; validity and effect of pledge., with citation guidance and answers to common questions.
§ 125.1428. Notes and bonds; validity and effect of pledge.
Any pledge made by the authority shall be valid and binding from the time when the pledge is made; the moneys or property so pledged and thereafter received by the authority shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act; and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the authority, irrespective of whether such parties have notice thereof. Neither the resolution nor any other instrument by which a pledge is created need be recorded.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 125.1428
What does Michigan Compiled Laws § 125.1428 cover?
Section 125.1428 ("Notes and bonds; validity and effect of pledge.") 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 § 125.1428?
A common citation format is "Michigan Compiled Laws § 125.1428" (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 § 125.1428 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.