Michigan § 390.357 - Michigan college of mining and technology; contraction of debt; control of property; mining business.
Full text of Michigan Michigan Compiled Laws § 390.357 — Michigan college of mining and technology; contraction of debt; control of property; mining business., with citation guidance and answers to common questions.
§ 390.357. Michigan college of mining and technology; contraction of debt; control of property; mining business.
No debt shall be contracted beyond or apart from the actual means at the disposal of the institution. The board may dispose of or lease any property donated to the state for the purposes of said school, or which may be acquired in payment of debts, except of such as is necessary for the accommodation of the school. The board shall not enter upon the business of mining, or pursue the same, except so far as it may be deemed necessary in the course of instruction, nor shall they purchase any lands beyond what are required for the reasonable accommodation of the school.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 390.357
What does Michigan Compiled Laws § 390.357 cover?
Section 390.357 ("Michigan college of mining and technology; contraction of debt; control of property; mining business.") 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 § 390.357?
A common citation format is "Michigan Compiled Laws § 390.357" (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 § 390.357 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.