Michigan § 451.311 - Public trust commission; investigations, audits and appraisals.
Full text of Michigan Michigan Compiled Laws § 451.311 — Public trust commission; investigations, audits and appraisals., with citation guidance and answers to common questions.
§ 451.311. Public trust commission; investigations, audits and appraisals.
The said commission is authorized and empowered to make investigations, audits, or appraisals relative to or in connection with the property and/or business located in this state with respect to which the security for the protection of which a protective committee has been organized. The said commission is authorized to act for and in behalf of the holders or owners of defaulted mortgage securities by acting as custodian, and is hereby authorized to appoint custodians of defaulted mortgage property and to have supervision of defaulted bonds, notes, debentures, and any other instruments of like character used to evidence indebtedness secured by mortgage. All books, records and documents of the commission whether filed with it or prepared by it shall be open to the public.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 451.311
What does Michigan Compiled Laws § 451.311 cover?
Section 451.311 ("Public trust commission; investigations, audits and appraisals.") 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 § 451.311?
A common citation format is "Michigan Compiled Laws § 451.311" (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 § 451.311 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.