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§ 460.463 — Michigan Law | CourtGPT
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  2. Laws/
  3. Michigan/
  4. Chapter 460 - Public Utilitiesact 3 of 1939 - Michigan Public Service Commission (460.1 - 460.11)/
  5. Statute Act 182 of 1971/
  6. § 460.463
Michigan Legal Code

§ 460.463

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460.463 Forfeiture of security to pledgee or assignee. Sec. 3. A pledge or assignment may allow forfeiture of the security to the pledgee or assignee for default or noncompliance with the terms of the loan. History: 1971, Act 182, Imd. Eff. Dec. 20, 1971