Michigan Compiled Laws, Chapter 129. Public Funds § 129.149
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Sec. 9. If a default occurs in the payment of principal, interest, or other income of an investment of the investment pool, the treasurer of the participating county may do 1 or more of the following:
(a) Institute a proceeding to collect the matured principal, interest, or other income.
(b) Accept a compromise, adjustment, or disposition of the matured principal, interest, or other income as the county treasurer considers advisable for the purpose of protecting the money invested in the investment pool.
(c) Accept a compromise or adjustment as to future payments of principal, interest, or other income as the county treasurer considers advisable for the purpose of protecting money invested in the investment pool.
Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 129. Public Funds § 129.149 - last updated February 09, 2022 | https://codes.findlaw.com/mi/chapter-129-public-funds/mi-comp-laws-129-149.html
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