Go To Top capitol dome
Michigan Legislature
Michigan Compiled Laws Complete Through PA 19 of 2024
House: Adjourned until Tuesday, April 9, 2024 1:30:00 PM
Senate: Adjourned until Tuesday, April 9, 2024 10:00:00 AM


Updated website coming soon!

Michigan Legislature

Main Content

230-1987-4
Search within this Statute for

MUNICIPAL HEALTH FACILITIES CORPORATIONS ACT (EXCERPT)
Act 230 of 1987
Chapter 4


DocumentTypeDescription
Section 331.1401SectionBoard of trustees or subsidiary board; power to borrow money and issue notes; resolution; applicability of revised municipal finance act.
Section 331.1402SectionCorporation or subsidiary corporation; additional powers; prohibited conduct.
Section 331.1403SectionCorporation or subsidiary corporation; additional powers; refinancing or refunding indebtedness; redemption; limitation; determination of board of trustees or subsidiary conclusive; exception.
Section 331.1404SectionCorporation obligations as general obligations of issuing corporation or subsidiary corporation; corporation obligations neither local governmental unit nor state debt.
Section 331.1405SectionProvisions of resolution authorizing issuance of corporation obligations as part of contract.
Section 331.1406SectionCorporation obligations generally.
Section 331.1407SectionRefunding corporation obligations.
Section 331.1408SectionSecurity instruments to continue in effect until principal and interest on corporation obligations paid in full; terms of security instrument; recital.
Section 331.1409SectionLien of pledge.
Section 331.1410SectionPersonal liability on notes or corporation obligations.
Section 331.1411SectionPledge and agreement of state.
Section 331.1412SectionCorporation obligations; statutory provisions to which issuance of obligations subject; legality.
Section 331.1413SectionCorporation obligations as negotiable instruments under uniform commercial code.
Section 331.1414SectionNotes and corporation obligations as investment securities.
Section 331.1415SectionState covenants with purchasers, subsequent holders, and transferees of notes and corporation obligations.
up icon