Michigan § 484.3213 - Money or property pledged and received by authority.
Full text of Michigan Michigan Compiled Laws § 484.3213 — Money or property pledged and received by authority., with citation guidance and answers to common questions.
§ 484.3213. Money or property pledged and received by authority.
Any pledge made by the authority is valid and binding from the date that the pledge is made.
The money or property pledged and received by the authority shall immediately be subject to the lien of the pledge without any physical delivery or further act and the lien of the pledge is valid and binding against all parties having claims in tort, contract, or otherwise against the authority, irrespective of whether the parties have notice of the lien.
The resolution or any other instrument by which a pledge is created need not be recorded.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 484.3213
What does Michigan Compiled Laws § 484.3213 cover?
Section 484.3213 ("Money or property pledged and received by authority.") 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 § 484.3213?
A common citation format is "Michigan Compiled Laws § 484.3213" (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 § 484.3213 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.