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Michigan Compiled Laws, Chapter 129. Public Funds § 129.204

Current as of January 01, 2025 | Updated by Findlaw Staff

Sec. 4. A bond shall be executed by a surety company authorized to do business in this state. In the case of a contract of the state or a department, board, commission, institution or agency thereof the bonds shall be payable to the people of the state. In the case of all other contracts the bonds shall be payable to the governmental unit.

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Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 129. Public Funds § 129.204 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-129-public-funds/mi-comp-laws-129-204/

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