Sec. 4. This act shall be deemed a contract with the holders from time to time of obligations of this state.
Mich. Comp. Laws § 12.64
Act as contract with holders of obligations
Applied in 2 court decisions — leading case Studier v. Michigan Public School Employees' Retirement Board (2005)
Most recently applied in In Re Request for Advisory Opinion Regarding Constitutionality of 2011 PA 38 (November 2011)
1982, Act 259, Imd
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.