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Code · Michigan · Chapter 460 — Public Utilities

460.463 Forfeiture of security to pledgee or assignee.

44 words·~1 min read·/mi/chapter-460/460-463

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460.463 Forfeiture of security to pledgee or assignee.
Sec. 3.
A pledge or assignment may allow forfeiture of the security to the pledgee or assignee for default or noncompliance with the terms of the loan.
History: 1971, Act 182, Imd. Eff. Dec. 20, 1971
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