MCL - Act 140 of 1861
AN ACT relative to the interest on contracts between citizens of this State, and other States and countries, payable elsewhere than in this State.
History: 1861, Act 140, Eff. June 16, 1861
| Document | Type | Description |
|---|---|---|
| Section 438.151 | Section | Interest rate; obligations payable out of state. |
| Section 438.152 | Section | Interest valid in this state; defense of usury not available. |
| Section 438.153 | Section | Interest valid in this state; lawful to take, reserve, or discount. |
| Section 438.154 | Section | Contract made in state or with citizen of state; principal and interest payable out of state; governing law. |