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Michigan Legislature
Michigan Compiled Laws Complete Through PA 255 of 2017
House: Adjourned until Wednesday, January 24, 2018 1:30:00 PM
Senate: Adjourned until Wednesday, January 24, 2018 10:00:00 AM

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Section 450.4212

Act 23 of 1993

450.4212 Interest rate; agreement.

Sec. 212.

A domestic or foreign limited liability company, whether or not formed at the request of a lender, may agree in writing to pay any rate of interest as long as that rate of interest is not in excess of the rate set forth in Act No. 259 of the Public Acts of 1968, being sections 438.41 to 438.42 of the Michigan Compiled Laws.

History: 1993, Act 23, Eff. June 1, 1993

© 2017 Legislative Council, State of Michigan

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