Michigan § 211.403 - Assessment district bonds and obligations; Home Owners Loan bonds and coupons; acceptance in payment of special assessments.
Full text of Michigan Michigan Compiled Laws § 211.403 — Assessment district bonds and obligations; Home Owners Loan bonds and coupons; acceptance in payment of special assessments. , with citation guidance and answers to common questions.
§ 211.403. Assessment district bonds and obligations; Home Owners Loan bonds and coupons; acceptance in payment of special assessments.
On and after the effective date of this act, the governing body of any special assessment district, by resolution, is hereby authorized to provide that bonds and coupons and other obligations of the special assessment district, either due or to become due, may be accepted at par in full or partial payment of delinquent, current or future special assessments, against the special assessment district by which the particular bond or other obligation was issued, and to provide that bonds and coupons issued by the Home Owners Loan Corporation in the refinancing of a mortgage by such corporation may be accepted on such basis as the resolution shall provide in full or partial payment of assessments, assessed against the property encumbered by said mortgage.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 211.403
What does Michigan Compiled Laws § 211.403 cover?
Section 211.403 ("Assessment district bonds and obligations; Home Owners Loan bonds and coupons; acceptance in payment of special assessments. ") 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 § 211.403?
A common citation format is "Michigan Compiled Laws § 211.403" (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 § 211.403 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.