Michigan § 41.281 - Creation of indebtedness; approval by township board; limitation on issue of township bonds.
Full text of Michigan Michigan Compiled Laws § 41.281 — Creation of indebtedness; approval by township board; limitation on issue of township bonds., with citation guidance and answers to common questions.
§ 41.281. Creation of indebtedness; approval by township board; limitation on issue of township bonds.
In the creation of any indebtedness hereunder, it shall not be necessary to have the approval of the board of supervisors thereon, but no indebtedness against the township at large shall be incurred without the approval of the township board of each township in which any part of the assessment district is situated. No bonds shall be issued on behalf of any township which would cause the total bonded debt of the township to exceed 5 per cent of its assessed valuation.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 41.281
What does Michigan Compiled Laws § 41.281 cover?
Section 41.281 ("Creation of indebtedness; approval by township board; limitation on issue of township bonds.") 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 § 41.281?
A common citation format is "Michigan Compiled Laws § 41.281" (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 § 41.281 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.