Michigan § 453.351 - Agricultural and horticultural societies; bonds and obligations, issuance.
Full text of Michigan Michigan Compiled Laws § 453.351 — Agricultural and horticultural societies; bonds and obligations, issuance., with citation guidance and answers to common questions.
§ 453.351. Agricultural and horticultural societies; bonds and obligations, issuance.
It shall and may be lawful for any agricultural or horticultural society, duly organized as a corporation, by virtue of any law of this state, by the vote of 2/3 of all the directors or other officers having the management of the affairs of such society, to issue bonds or other evidences of debt, bearing interest at a rate not exceeding 7 per centum per annum, and to secure the payment of the same by a mortgage or mortgages upon the real estate of such society, or any part thereof, whenever necessary for the purpose of paying the purchase money of permanent grounds, or for buildings, or improvements made or to be made thereon; or to secure any moneys, which have been borrowed to meet the obligations of said society.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 453.351
What does Michigan Compiled Laws § 453.351 cover?
Section 453.351 ("Agricultural and horticultural societies; bonds and obligations, issuance.") 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 § 453.351?
A common citation format is "Michigan Compiled Laws § 453.351" (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 § 453.351 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.