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35 chapters · 354 sections in this title.
Mich. Comp. Laws § 460.651 Guaranty deposit; approval of terms and conditions.
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Sec. 1. A public utility regulated by the Michigan public service commission may require a ratepayer to pay a deposit as a guaranty for the payment of the utility's services. In the absence of specific rules adopted by the commission, the terms and conditions for a guaranty depos…
Mich. Comp. Laws § 460.652 Rules.
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Sec. 2. The Michigan public service commission may prescribe by rule all of the following: (a) The circumstances under which a utility may require a guaranty deposit. (b) The amount of the guaranty deposit. (c) The interest rate payable on the guaranty deposit. (d) The method by …