Michigan § 41.346 - Statutory lien upon net revenues; net revenues as trust funds.
Full text of Michigan Michigan Compiled Laws § 41.346 — Statutory lien upon net revenues; net revenues as trust funds., with citation guidance and answers to common questions.
§ 41.346. Statutory lien upon net revenues; net revenues as trust funds.
There shall be created in an ordinance required by section 15 a lien, by this act made a statutory lien, upon the net revenues of the water supply and sewage disposal project authorized by section 13. The authorizing ordinance shall pledge the net revenues to the payment of the principal of and interest upon the bonds issued under section 13 to and in favor of the holders of the bonds and the interest coupons pertaining to the bonds and each of the holders. The lien shall be a first lien upon the net revenues. The net revenues shall constitute trust funds for the purposes expressed in this section.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 41.346
What does Michigan Compiled Laws § 41.346 cover?
Section 41.346 ("Statutory lien upon net revenues; net revenues as trust funds.") 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 § 41.346?
A common citation format is "Michigan Compiled Laws § 41.346" (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 § 41.346 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.