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REAL ESTATE BONDS AND SECURITIES
Act 275 of 1937
AN ACT to provide for the keeping of records of real estate bonds and other real estate securities, to require reports and other information relative to real estate bonds and other real estate securities in default, and the filing of such information with the public trust commission, and to provide for the giving of information relative to such defaulted obligations, by all persons, firms, associations or corporations acting as trustees, depositaries or fiscal agents or in any other capacity in which funds may be received for the retirement of real estate bonds, notes, debentures, certificates of participation, or other like real estate securities, or for the payment of interest thereon.
History: 1937, Act 275, Imd. Eff. July 22, 1937
© 2017 Legislative Council, State of Michigan
The People of the State of Michigan enact:
|Section 451.251||Section||Real estate bonds and securities; records; duties of fiduciaries; report to public trust commission, contents; authority of commission.
|Section 451.252||Section||Real estate bonds and securities; failure to file reports or give information; authority of attorney general, procedure, requirement; taxable costs.