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Current as of January 01, 2025 | Updated by Findlaw Staff
Sec. 4. Each bidder shall deposit with the state treasurer before making his proposal a certified check for the sum of 1,000 dollars which is to be forfeited to the state in case he shall fail to enter into a contract in accordance with this act if said board shall declare him to be the successful bidder, and he shall take a receipt from said treasurer and deposit it with his proposal.
Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 26. Supreme Court Reports § 26.4 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-26-supreme-court-reports/mi-comp-laws-26-4/
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