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Official bonds; acceptance without justification; penalty; liability.

MCL 15.103
in effect
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15.103. Official bonds; acceptance without justification; penalty; liability. Sec. 3. Any person or persons receiving and accepting or approving any such bond without such justification shall be guilty of a misdemeanor, and shall further be liable for all damages that may be sustained or incurred by any person by reason of such defective bond being accepted or approved. 1885, Act 179, Eff. Sept. 19, 1885; How. 8234c; CL 1897, 161; CL 1915, 197; CL 1929, 399; CL 1948, 15.103
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-15-103Fetched: 10/20/2026

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