Mich. Comp. Laws § 285.266
Pledge by authority; validity; lien; recording of resolution or instrument not required.
Michigan · Michigan Compiled Laws — MICHIGAN FAMILY FARM DEVELOPMENT ACT (Act 220 of 1982) · Status: effective
Cite this
- Citation
- Mich. Comp. Laws § 285.266, Pledge by authority; validity; lien; recording of resolution or instrument not required, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1348802
- Permanent ID
ys:prov:1348802@1- SHA-256
8f879b0d87ce458fa5307c847ecc10b1f0b26c71020c0c5aa6274ebfa58b0d5f
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Any pledge made by the authority shall be valid and binding from the time when the pledge is made. The money or property so pledged and thereafter received by the authority shall immediately be subject to the lien of that pledge without any physical delivery of the lien or further act; and the lien of the pledge shall be valid and binding as against all parties having claims in tort, contract, or otherwise against the authority, irrespective of whether the parties have notice of the lien. Neither the resolution nor any other instrument by which a pledge is created need be recorded.