Michigan Laws 460.312 – Jurisdiction of commission over stocks, bonds, or other evidences of indebtedness
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Terms Used In Michigan Laws 460.312
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
Notwithstanding the repeal of former Act No. 144 of the Public Acts of 1909, being section 460.301 to 460.303 of the Michigan Compiled Laws, the Michigan public service commission shall continue to have jurisdiction over any stocks, bonds, or other evidences of indebtedness that were issued pursuant to an order of the commission under former Act No. 144 of the Public Acts of 1909.