Statement of Liability on Face of Bond.

  1. Law
  2. Michigan Compiled Laws
  3. Natural Resources and Environmental Protection
  4. 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)
  5. Natural Resources Management (324.30101...324.83109)
  6. Chapter 2 Management of Renewable Resources (324.40101...324.53519)
  7. Subchapter 4 Forests (324.50101...324.53519)
  8. The Timber Industry (324.50101...324.50707)
  9. Part 501 Forest Improvements (324.50101...324.50166)
  10. Subpart 7 Bond Issuance Provisions (324.50156...324.50166)
  11. Statement of Liability on Face of Bond.

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Sec. 50159.

The state shall not be liable on bonds of a district, and the bonds shall not be a debt of the state. The bonds shall contain on their face a statement to that effect.

History: Add. 1995, Act 57, Imd. Eff. May 24, 1995
Popular Name: Act 451
Popular Name: NREPA


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