Michigan § 331.1412 - Corporation obligations; statutory provisions to which issuance of obligations subject; legality.
Full text of Michigan Michigan Compiled Laws § 331.1412 — Corporation obligations; statutory provisions to which issuance of obligations subject; legality., with citation guidance and answers to common questions.
§ 331.1412. Corporation obligations; statutory provisions to which issuance of obligations subject; legality.
Except as provided in subsection (2), the corporation obligations shall not be subject to the provisions of the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821. The issuance of corporate obligations described in this subsection is subject to the agency financing reporting act.
Corporate obligations for which a local governmental unit pledges its full faith and credit to guarantee payment are subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 331.1412
What does Michigan Compiled Laws § 331.1412 cover?
Section 331.1412 ("Corporation obligations; statutory provisions to which issuance of obligations subject; legality.") 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 § 331.1412?
A common citation format is "Michigan Compiled Laws § 331.1412" (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 § 331.1412 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.