Michigan § 390.1156 - Bonds; pledge and agreement of state.
Full text of Michigan Michigan Compiled Laws § 390.1156 — Bonds; pledge and agreement of state., with citation guidance and answers to common questions.
§ 390.1156. Bonds; pledge and agreement of state.
The state pledges and agrees with the holders of bonds issued under this act that the state shall not limit or alter the rights vested in the authority to fulfill the terms of an agreement made with the holders of the bonds, and shall not impair the rights and remedies of the holders until the bonds, together with the interest on the bonds and interest on any unpaid installments of interest, and all costs and expenses in connection with an action or proceeding by or on behalf of those holders, are fully met and discharged. The authority is authorized to include this pledge and agreement of the state in an agreement with the holders of the bonds.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 390.1156
What does Michigan Compiled Laws § 390.1156 cover?
Section 390.1156 ("Bonds; pledge and agreement of state.") 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 § 390.1156?
A common citation format is "Michigan Compiled Laws § 390.1156" (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 § 390.1156 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.