Michigan Laws 280.624 – Prior actions and bonds validated; contest prohibited
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Terms Used In Michigan Laws 280.624
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Actions heretofore taken by a drainage district or a public corporation and bonds heretofore issued under this act as originally adopted or subsequently amended are hereby validated. A district acting under this act as originally adopted or subsequently amended, or a public corporation shall not contest the validity of any bonds or any assessment which provides the security therefor or any action taken by the district or public corporation after the bonds are sold and delivered and consideration therefor is received.