Michigan § 141.131 - Redemption of bonds before maturity.
Full text of Michigan Michigan Compiled Laws § 141.131 — Redemption of bonds before maturity. , with citation guidance and answers to common questions.
§ 141.131. Redemption of bonds before maturity.
The governing body of the borrower authorizing bonds under this act may make provisions in the authorizing ordinance for the redemption before maturity of the bonds or a part of the bonds. In case of refunding, bonds of an issue less than all the outstanding bonds of the issue, shall not be called for redemption unless the borrower has on hand in its bond and interest redemption fund sufficient money to refund the bonds not otherwise appropriated or pledged, in excess of the amount of interest and principal maturing within the next 12 months from the redemption date.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 141.131
What does Michigan Compiled Laws § 141.131 cover?
Section 141.131 ("Redemption of bonds before maturity. ") 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 § 141.131?
A common citation format is "Michigan Compiled Laws § 141.131" (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 § 141.131 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.