Michigan § 325.853 - Transfer of loans, documents, and audited inventory to department; powers of state treasurer.
Full text of Michigan Michigan Compiled Laws § 325.853 — Transfer of loans, documents, and audited inventory to department; powers of state treasurer., with citation guidance and answers to common questions.
§ 325.853. Transfer of loans, documents, and audited inventory to department; powers of state treasurer.
All loans made by the toxic substance loan commission pursuant to former Act No. 273 of the Public Acts of 1978, together with any documents regarding the loans and an audited inventory of the loans are transferred to the department. The state treasurer shall have all powers necessary or expedient for the protection of the state's interest in those loans, including but not limited to, the right to incur any and all costs required to protect the state's interest in any of the loans, and to take any other action regarding the loans as the state treasurer considers necessary.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 325.853
What does Michigan Compiled Laws § 325.853 cover?
Section 325.853 ("Transfer of loans, documents, and audited inventory to department; powers of state treasurer.") 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 § 325.853?
A common citation format is "Michigan Compiled Laws § 325.853" (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 § 325.853 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.