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Mich. Comp. Laws § 390.157

Bonds, notes or other obligations; purchase by state prohibited

1970, Act 35, Imd

Sec. 7. Bonds, notes or other obligations issued under the provisions of this act shall not be purchased by the state of Michigan.

Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.