Act 52 of 1970 - EXEMPTION OF LOANS TO BUSINESS ENTITIES FROM USURY STATUTE (438.61 - 438.61) - Michigan Statutes - USA Laws Searching

Statutes > Michigan Statutes > Chapter 438 - MONEY AND INTEREST > Act 52 of 1970 - EXEMPTION OF LOANS TO BUSINESS ENTITIES FROM USURY STATUTE (438.61 - 438.61)

Act 52 of 1970 - EXEMPTION OF LOANS TO BUSINESS ENTITIES FROM USURY STATUTE (438.61 - 438.61)

Section 438.61 - “Business entity” and “related entity” defined; extension of credit to business entity; agreement in writing to rate of interest.