Michigan Laws 45.591 – Validity of bonds or notes
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 45.591
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- County: means a county organized under Act No. See Michigan Laws 45.582
A county or a public corporation, including the county, shall not contest the validity of bonds or notes issued by the county under this act or a contract that provides the security for the bonds or notes after the bonds or notes have been sold and delivered and the county has received the consideration for the bonds or notes.