Michigan § 141.1054 - Michigan municipal bond authority; created; powers; funds.
Full text of Michigan Michigan Compiled Laws § 141.1054 — Michigan municipal bond authority; created; powers; funds., with citation guidance and answers to common questions.
§ 141.1054. Michigan municipal bond authority; created; powers; funds.
The Michigan municipal bond authority is created as a body corporate, separate and distinct from the state. The authority may sue and be sued, plead and be impleaded, contract and be contracted with, have a corporate seal, and enjoy and carry out all powers granted it in this act. Funds of the authority shall be handled in the same manner and subject to the same provisions of law applicable to state funds or in such manner as is specified in a resolution of the authority authorizing the issuance of bonds or notes.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 141.1054
What does Michigan Compiled Laws § 141.1054 cover?
Section 141.1054 ("Michigan municipal bond authority; created; powers; funds.") 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 § 141.1054?
A common citation format is "Michigan Compiled Laws § 141.1054" (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 § 141.1054 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.