Sec. 16. This act takes effect April 1, 1973 and applies only to security deposits held pursuant to leases entered into, renewed or renegotiated after April 1, 1973.
Mich. Comp. Laws § 554.616, under LANDLORD AND TENANT RELATIONSHIPS.
Mich. Comp. Laws § 554.616
Sec. 16. This act takes effect April 1, 1973 and applies only to security deposits held pursuant to leases entered into, renewed or renegotiated after April 1, 1973.