38.1016 Prescribed rate of interest; definition.
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/mi/chapter-38/38-1016A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
38.1016 Prescribed rate of interest; definition.
Sec. 16.
"Prescribed rate of interest" means such rate or rates as shall from time to time be prescribed by the board.
History: 1957, Act 261, Eff. Sept. 27, 1957 ;-- Am. 1968, Act 99, Imd. Eff. June 7, 1968