Michigan § 21.201 - Interest on educational funds; computation; payment.
Full text of Michigan Michigan Compiled Laws § 21.201 — Interest on educational funds; computation; payment., with citation guidance and answers to common questions.
§ 21.201. Interest on educational funds; computation; payment.
That upon all sums paid into the state treasury upon account of the principal of any of the educational funds, except where the provision is or shall be made by law, the state treasurer shall compute interest from the time of the payment, or from the time of the last computation of interest on the payment, to the first Monday of April in each year, and shall give credit on the interest to each fund, as the case may be; and the interest shall be paid out of the specific taxes.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 21.201
What does Michigan Compiled Laws § 21.201 cover?
Section 21.201 ("Interest on educational funds; computation; payment.") 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 § 21.201?
A common citation format is "Michigan Compiled Laws § 21.201" (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 § 21.201 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.