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30 chapters · 3,111 sections in this title.
Mich. Comp. Laws § 324.50516 Personal liability on bonds or notes.
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Sec. 50516. Neither the members of the authority nor any person executing bonds or notes issued under this part or any person executing any agreement on behalf of the authority is liable personally on the bonds or notes by reason of their issuance.
Mich. Comp. Laws § 324.50517 Purchasing, holding, canceling, or reselling bonds or notes.
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Sec. 50517. The authority may purchase bonds or notes of the authority out of funds or money of the authority available for that purpose. The authority may hold, cancel, or resell authority bonds or notes subject to or in accordance with an agreement with holders of authority bon…
Mich. Comp. Laws § 324.50518 Rights and remedies.
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Sec. 50518. The state pledges to and agrees with the holders of bonds or notes issued under this part that the state shall not limit or restrict the rights vested in the authority by this part to fulfill the terms of an agreement made with the holders of authority bonds or notes,…
Mich. Comp. Laws § 324.50519 Bonds or notes as legal investments; security.
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Sec. 50519. Notwithstanding any restriction contained in any other law, the state and a public officer, local unit of government, or agency of the state or a local unit of government; a bank, trust company, savings bank and institution, savings and loan association, investment co…