Michigan Laws 324.50517 – Purchasing, holding, canceling, or reselling bonds or notes
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 324.50517
- Authority: means the Michigan forest finance authority created in section 50503. See Michigan Laws 324.50502
- Bonds: means bonds of the authority issued as provided in this part. See Michigan Laws 324.50502
- Notes: means notes of the authority issued as provided in this part, including commercial paper. See Michigan Laws 324.50502
The authority may purchase bonds or notes of the authority out of funds or money of the authority available for that purpose. The authority may hold, cancel, or resell authority bonds or notes subject to or in accordance with an agreement with holders of authority bonds or notes.