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Home » US Law » 2022 Michigan Compiled Laws » Chapter 438 - Money and Interest » Act 140 of 1861 - Interest on Contracts Between Citizens of Michigan and Other States (438.151 - 438.154)

Section 438.151 – Interest Rate; Obligations Payable Out of State.

438.151 Interest rate; obligations payable out of state. Sec. 1. That it shall be lawful for any person or corporation, borrowing money in this State, to make notes, bills, bonds, drafts, acceptances, mortgages, or other securities, for the payment of principal or interest, at the rates authorized by the laws of this State, payable at […]