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

Bidder's deposit; forfeiture.

MCL 26.4
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
26.4. Bidder's deposit; forfeiture. Sec. 4. Each bidder shall deposit with the state treasurer before making his proposal a certified check for the sum of 1,000 dollars which is to be forfeited to the state in case he shall fail to enter into a contract in accordance with this act if said board shall declare him to be the successful bidder, and he shall take a receipt from said treasurer and deposit it with his proposal. 1927, Act 385, Eff. Sept. 5, 1927; CL 1929, 526; CL 1948, 26.4
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-26-4Fetched: 10/20/2026

Starting a business in Michigan? Michigan LLC guide: costs and requirements