Default in Payment of Principal, Interest, or Other Income; Remedies of Depository.

  1. Law
  2. Michigan Compiled Laws
  3. Public Funds
  4. 367 of 1982 - Surplus Funds Investment Pool Act (129.111 - 129.118)
  5. Default in Payment of Principal, Interest, or Other Income; Remedies of Depository.

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Sec. 7.

If a default occurs in the payment of principal, interest, or other income of an investment pool, the depository shall pursue all remedies available to it at law or in equity.

History: 1982, Act 367, Eff. Mar. 30, 1983


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