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Form a Business

Prescribed rate of interest; definition.

MCL 38.1016
in effect
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38.1016. Prescribed rate of interest; definition. Sec. 16. "Prescribed rate of interest" means such rate or rates as shall from time to time be prescribed by the board. 1957, Act 261, Eff. Sept. 27, 1957; Am. 1968, Act 99, Imd. Eff. June 7, 1968
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-38-1016Fetched: 10/20/2026

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