Default in payment of principal, interest, or other income; remedies of depository.
MCL 129.117
in effect129.117. Default in payment of principal, interest, or other income; remedies of depository.
Sec. 7.
If a default occurs in the payment of principal, interest, or other income of an investment pool, the depository shall pursue all remedies available to it at law or in equity.
1982, Act 367, Eff. Mar. 30, 1983
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-129-117Fetched: 10/20/2026
