For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Rate of interest.

MCL 550.1214
in effect
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550.1214. Rate of interest. Sec. 214. A health care corporation may by agreement in writing, and not otherwise, agree to pay a rate of interest in excess of the legal rate, and in that case, the defense of usury is prohibited. 1980, Act 350, Eff. Apr. 3, 1981 [PopularName] Blue Cross-Blue Shield [PopularName] Act 350
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-550-1214Fetched: 10/20/2026

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