reglab/housing_qa huggingface dataset:
MI Comp L § 438.153 (2021)
2021 Michigan Compiled Laws|Chapter 438 - Money and Interest|Act 140 of 1861 - Interest on Contracts Between Citizens of Michigan and Other States (438.151 - 438.154)|Section 438.153 - Interest Valid in This State; Lawful to Take, Reserve, or Discount.

438.153 Interest valid in this state; lawful to take, reserve, or discount. Sec. 3.  It shall be lawful for all parties loaning money in this State, to take, reserve or discount interest upon any note, bond, bill, draft, acceptance, or other commercial paper, mortgage, or other security, at any rate authorized by the laws of this State, whether such paper or securities, for principal or interest, be payable in this State, or in any other State, kingdom or country, without regard to the laws of any other State, kingdom or country; and all such notes, bonds, bills, drafts, or acceptances, or other commercial paper, mortgages or other security, shall be held valid in this State, whether the parties to the same reside in this State or elsewhere. History: 1861, Act 140, Eff. June 16, 1861 ;-- CL 1871, 1640 ;-- How. 1602 ;-- CL 1897, 4862 ;-- CL 1915, 6004 ;-- CL 1929, 9246 ;-- CL 1948, 438.153
MI Comp L § 438.154 (2021)
2021 Michigan Compiled Laws|Chapter 438 - Money and Interest|Act 140 of 1861 - Interest on Contracts Between Citizens of Michigan and Other States (438.151 - 438.154)|Section 438.154 - Contract Made in State or With Citizen of State; Principal and Interest Payable Out of State; Governing Law.

438.154 Contract made in state or with citizen of state; principal and interest payable out of state; governing law. Sec. 4.  When any contract or loan shall be made in this State or between citizens of this State and any other State or country, bearing interest at any rate which was or shall be lawful according to any law of the State of Michigan, it shall and may be lawful to make the amount of principal and interest of such contract or loan payable in any other State or territory of the United States, or in England; and in all such cases, such contract or loan shall be deemed and considered as governed by the laws of the State of Michigan, and shall not be affected by the laws of the State or country where the same shall be made payable, and no contract or loan, which may have heretofore been made or entered into in this State, or between citizens of this State and of any other country bearing interest at a rate which was legal according to the laws of this State at the time when the same was made or entered into, shall be invalidated or in anywise impaired or affected by reason of the same having been made payable in any other State or country. History: 1861, Act 140, Eff. June 16, 1861 ;-- CL 1871, 1641 ;-- How. 1603 ;-- CL 1897, 4863 ;-- CL 1915, 6005 ;-- CL 1929, 9247 ;-- CL 1948, 438.154
MI Comp L § 441.101 (2021)
2021 Michigan Compiled Laws|Chapter 441 - Fiduciary Security Transfers|Act 239 of 1959 - Uniform Act for the Simplification of Fiduciary Security Transfers (441.101 - 441.112)|Section 441.101 - Uniform Fiduciary Security Transfer Simplification Act; Definitions.

441.101 Uniform fiduciary security transfer simplification act; definitions. Sec. 1.  In this act, unless the context otherwise requires:  (a) “Assignment” means any written stock power, bond power, bill of sale, deed, declaration of trust or other instrument of transfer.  (b) “Claim of beneficial interest” means a claim of any interest by a decedent's legatee, distributee, heir or creditor, a beneficiary under a trust, a ward, a beneficial owner of a security registered in the name of a nominee, or a minor owner of a security registered in the name of a custodian, or a claim of any similar interest, whether the claim is asserted by the claimant or by a fiduciary or by any other authorized person on his behalf, and includes a claim that the transfer would be in breach of fiduciary duties.  (c) “Corporation” means a private or public corporation, association or trust issuing a security.  (d) “Fiduciary” means an executor, administrator, trustee, guardian, committee, conservator, curator, tutor, custodian or nominee.  (e) “Person” includes an individual, a corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, 2 or more persons having a joint or common interest, or any other legal or commercial entity.  (f) “Security” includes any share of stock, bond, debenture, note or other security issued by a corporation which is registered as to ownership on the books of the corporation.  (g) “Transfer” means a change on the books of a corporation in the registered ownership of a security.  (h) “Transfer agent” means a person employed or authorized by a corporation to transfer securities issued by the corporation. History: 1959, Act 239, Eff. Mar. 19, 1960
MI Comp L § 441.102 (2021)
2021 Michigan Compiled Laws|Chapter 441 - Fiduciary Security Transfers|Act 239 of 1959 - Uniform Act for the Simplification of Fiduciary Security Transfers (441.101 - 441.112)|Section 441.102 - Fiduciary Security Transfers; Registration.

441.102 Fiduciary security transfers; registration. Sec. 2.  A corporation or transfer agent registering a security in the name of a person who is a fiduciary or who is described as a fiduciary is not bound to inquire into the existence, extent or correct description of the fiduciary relationship; and thereafter the corporation and its transfer agent may assume without inquiry that the newly registered owner continues to be the fiduciary until the corporation or transfer agent receives written notice that the fiduciary is no longer acting as such with respect to the particular security. History: 1959, Act 239, Eff. Mar. 19, 1960
MI Comp L § 441.103 (2021)
2021 Michigan Compiled Laws|Chapter 441 - Fiduciary Security Transfers|Act 239 of 1959 - Uniform Act for the Simplification of Fiduciary Security Transfers (441.101 - 441.112)|Section 441.103 - Fiduciary Security Transfers; Assignment by Fiduciary.

441.103 Fiduciary security transfers; assignment by fiduciary. Sec. 3.  Except as otherwise provided in this act, a corporation or transfer agent making a transfer of a security pursuant to an assignment by a fiduciary:  (a) May assume without inquiry that the assignment, even though to the fiduciary himself or to his nominee, is within his authority and capacity and is not in breach of his fiduciary duties;  (b) May assume without inquiry that the fiduciary has complied with any controlling instrument and with the law of the jurisdiction governing the fiduciary relationship, including any law requiring the fiduciary to obtain court approval of the transfer; and  (c) Is not charged with notice of and is not bound to obtain or examine any court record or any recorded or unrecorded document relating to the fiduciary relationship or the assignment, even though the record or document is in its possession. History: 1959, Act 239, Eff. Mar. 19, 1960
MI Comp L § 441.104 (2021)
2021 Michigan Compiled Laws|Chapter 441 - Fiduciary Security Transfers|Act 239 of 1959 - Uniform Act for the Simplification of Fiduciary Security Transfers (441.101 - 441.112)|Section 441.104 - Fiduciary Security Transfers; Evidence of Appointment or Incumbency.

441.104 Fiduciary security transfers; evidence of appointment or incumbency. Sec. 4.  A corporation or transfer agent making a transfer pursuant to an assignment by a fiduciary who is not the registered owner shall obtain the following evidence of appointment or incumbency:  (a) In the case of a fiduciary appointed or qualified by a court, a certificate issued by or under the direction or supervision of that court or an officer thereof and dated within 60 days before the transfer; or  (b) In any other case, a copy of a document showing the appointment or a certificate issued by or on behalf of a person reasonably believed by the corporation or transfer agent to be responsible or, in the absence of such a document or certificate, other evidence reasonably deemed by the corporation or transfer agent to be appropriate. Corporations and transfer agents may adopt standards with respect to evidence of appointment or incumbency under this subsection provided such standards are not manifestly unreasonable. Neither the corporation nor transfer agent is charged with notice of the contents of any document obtained pursuant to this paragraph (b) except to the extent that the contents relate directly to the appointment or incumbency. History: 1959, Act 239, Eff. Mar. 19, 1960
MI Comp L § 441.105 (2021)
2021 Michigan Compiled Laws|Chapter 441 - Fiduciary Security Transfers|Act 239 of 1959 - Uniform Act for the Simplification of Fiduciary Security Transfers (441.101 - 441.112)|Section 441.105 - Fiduciary Security Transfers; Adverse Claims.

441.105 Fiduciary security transfers; adverse claims. Sec. 5.  (a) A person asserting a claim of beneficial interest adverse to the transfer of a security pursuant to an assignment by a fiduciary may give the corporation or transfer agent written notice of the claim. The corporation or transfer agent is not put on notice unless the written notice identifies the claimant, the registered owner, and the issue, of which the security is a part, provides an address for communications directed to the claimant and is received before the transfer. Nothing in this act relieves the corporation or transfer agent of any liability for making or refusing to make the transfer after it is so put on notice, unless it proceeds in the manner authorized in subsection (b).  (b) As soon as practicable after the presentation of a security for transfer pursuant to an assignment by a fiduciary, a corporation or transfer agent which has received notice of a claim of beneficial interest adverse to the transfer may send notice of the presentation by registered or certified mail to the claimant at the address given by him. If the corporation or transfer agent so mails such a notice, it shall withhold the transfer for 30 days after the mailing and shall then make the transfer unless restrained by a court order. History: 1959, Act 239, Eff. Mar. 19, 1960
MI Comp L § 441.106 (2021)
2021 Michigan Compiled Laws|Chapter 441 - Fiduciary Security Transfers|Act 239 of 1959 - Uniform Act for the Simplification of Fiduciary Security Transfers (441.101 - 441.112)|Section 441.106 - Fiduciary Security Transfers; Corporation or Transfer Agent, Nonliability.

441.106 Fiduciary security transfers; corporation or transfer agent, nonliability. Sec. 6.  A corporation or transfer agent incurs no liability to any person by making a transfer or otherwise acting in a manner authorized by this act. History: 1959, Act 239, Eff. Mar. 19, 1960
MI Comp L § 441.107 (2021)
2021 Michigan Compiled Laws|Chapter 441 - Fiduciary Security Transfers|Act 239 of 1959 - Uniform Act for the Simplification of Fiduciary Security Transfers (441.101 - 441.112)|Section 441.107 - Fiduciary Security Transfers; Third Persons, Nonliability.

441.107 Fiduciary security transfers; third persons, nonliability. Sec. 7.  (a) No person who participates in the acquisition, disposition, assignment or transfer of a security by or to a fiduciary, including a person who guarantees the signature of the fiduciary, is liable for participation in any breach of fiduciary duty by reason of failure to inquire whether the transaction involves a breach unless it is shown that he acted with actual knowledge that the proceeds of the transaction were being or were to be used wrongfully for the individual benefit of the fiduciary or that the transaction was otherwise in breach of duty.  (b) If a corporation or transfer agent makes a transfer pursuant to an assignment by a fiduciary, a person who guaranteed the signature of the fiduciary is not liable on the guarantee to any person to whom the corporation or transfer agent by reason of this act incurs no liability.  (c) This section does not impose any liability upon the corporation or its transfer agent. History: 1959, Act 239, Eff. Mar. 19, 1960
MI Comp L § 441.108 (2021)
2021 Michigan Compiled Laws|Chapter 441 - Fiduciary Security Transfers|Act 239 of 1959 - Uniform Act for the Simplification of Fiduciary Security Transfers (441.101 - 441.112)|Section 441.108 - Fiduciary Security Transfers; Territorial Application.

441.108 Fiduciary security transfers; territorial application. Sec. 8.  (a) The rights and duties of a corporation and its transfer agents in registering a security in the name of a fiduciary or in making a transfer of a security pursuant to an assignment by a fiduciary are governed by the law of the jurisdiction under whose laws the corporation is organized.  (b) This act applies to the rights and duties of a person other than the corporation and its transfer agents with regard to acts and omissions in this state in connection with the acquisition, disposition, assignment or transfer of a security by or to a fiduciary and of a person who guarantees in this state the signature of a fiduciary in connection with such a transaction. History: 1959, Act 239, Eff. Mar. 19, 1960
MI Comp L § 441.109 (2021)
2021 Michigan Compiled Laws|Chapter 441 - Fiduciary Security Transfers|Act 239 of 1959 - Uniform Act for the Simplification of Fiduciary Security Transfers (441.101 - 441.112)|Section 441.109 - Fiduciary Security Transfers; Tax Obligations.

441.109 Fiduciary security transfers; tax obligations. Sec. 9.  This act does not affect any obligation of a corporation or transfer agent with respect to estate, inheritance, succession or other taxes imposed by the laws of this state. History: 1959, Act 239, Eff. Mar. 19, 1960
MI Comp L § 441.110 (2021)
2021 Michigan Compiled Laws|Chapter 441 - Fiduciary Security Transfers|Act 239 of 1959 - Uniform Act for the Simplification of Fiduciary Security Transfers (441.101 - 441.112)|Section 441.110 - Construction of Act.

441.110 Construction of act. Sec. 10.  This act shall be so construed as to effectuate its general purpose to make uniform the law of those states which enact it. History: 1959, Act 239, Eff. Mar. 19, 1960
MI Comp L § 441.111 (2021)
2021 Michigan Compiled Laws|Chapter 441 - Fiduciary Security Transfers|Act 239 of 1959 - Uniform Act for the Simplification of Fiduciary Security Transfers (441.101 - 441.112)|Section 441.111 - Uniform Act for the Simplification of Fiduciary Security Transfers; Short Title.

441.111 Uniform act for the simplification of fiduciary security transfers; short title. Sec. 11.  This act shall be known and may be cited as the “Uniform act for the simplification of fiduciary security transfers”. History: 1959, Act 239, Eff. Mar. 19, 1960
MI Comp L § 441.112 (2021)
2021 Michigan Compiled Laws|Chapter 441 - Fiduciary Security Transfers|Act 239 of 1959 - Uniform Act for the Simplification of Fiduciary Security Transfers (441.101 - 441.112)|Section 441.112 - Effective Date of Act.

441.112 Effective date of act. Sec. 12.  This act shall take effect January 1, 1960. History: 1959, Act 239, Eff. Mar. 19, 1960
MI Comp L § 442.211 (2021)
2021 Michigan Compiled Laws|Chapter 442 - Sales|Act 39 of 1961 - Regulation of Certain Sales (442.211 - 442.226)|Section 442.211 - Conduct of Certain Sales; Definitions.

442.211 Conduct of certain sales; definitions. Sec. 1.  As used in this act:  (a) “Going out of business sale” means any sale, whether described by such name or by any other name such as, but not limited to, “closing out sales”, “liquidation sales”, “lost our lease sale”, “forced to vacate sale”, held in such a manner as to indicate a belief that upon disposal of the stock of goods on hand, the business will cease and discontinue at the premises where the sale is conducted.  (b) “Goods” means all goods, wares, merchandise and other personal property, excepting, choses in action and money.  (c) “Person” includes a person, firm, corporation, partnership, association or 2 or more persons having a joint or common interest.  (d) “Removal sale” means any sale held in such a manner as to induce a belief that upon disposal of the stock of goods on hand, the business will cease and discontinue at the premises where the sale is conducted, and thereafter will be moved to and occupy another location. History: 1961, Act 39, Eff. Sept. 8, 1961
MI Comp L § 442.212 (2021)
2021 Michigan Compiled Laws|Chapter 442 - Sales|Act 39 of 1961 - Regulation of Certain Sales (442.211 - 442.226)|Section 442.212 - Conduct of Certain Sales; License Required; Application of Act.

442.212 Conduct of certain sales; license required; application of act. Sec. 2.  No person shall advertise, represent or hold out that any sale of goods is an insurance, bankruptcy, mortgage, insolvent, assignee's, executor's, administrator's, receiver's, trustee's, removal or sale, going out of business or sale of goods damaged by fire, smoke, water or otherwise, unless he first obtains a license to conduct the sale from the clerk of the city, village or township in which he proposes to conduct a sale. This act shall not apply to any sales by a person regularly engaged in insurance or salvage sale of goods, or the sale of goods which have been damaged by fire, smoke, water or otherwise, who acquired the goods for the account of others as a result of fire or other casualty. History: 1961, Act 39, Eff. Sept. 8, 1961
MI Comp L § 442.213 (2021)
2021 Michigan Compiled Laws|Chapter 442 - Sales|Act 39 of 1961 - Regulation of Certain Sales (442.211 - 442.226)|Section 442.213 - Licenses; Application, Contents.

442.213 Licenses; application, contents. Sec. 3.  Any applicant for a license under this act shall file an application in writing and under oath with the appropriate clerk setting out the following facts and information regarding such a proposed sale:  (a) The name and address of the applicant for the license, who must be the owner of the goods to be sold, and in addition, if the applicant is a partnership, corporation, firm or association, the name and the position of the individual filing such application.  (b) The name and style in which such sale is to be conducted, and the address where the sale is to be conducted.  (c) The dates and period of time during which the sale is to be conducted.  (d) The name and address of the person who will be in charge and responsible for the conduct of the sale.  (e) A full explanation with regard to the condition or necessity which is the occasion for the sale, including a statement of the descriptive name of the sale and the reasons why the name is truthfully descriptive of the sale. If the application is for a license to conduct a going out of business sale, it shall also contain a statement that the business will be discontinued at the premises where the sale is to be conducted upon termination of the sale. If the application is for a license to conduct a removal sale, it shall also contain a statement that the business will be discontinued at the premises where the sale is to be conducted upon termination of the sale, in addition to the location of the premises to which the business is to be moved. If the application is for a license to conduct a sale of goods damaged by fire, smoke, water or otherwise, it shall also contain a statement as to the time, location and cause of the damage.  (f) A full, detailed and complete inventory of the goods that are to be sold, which inventory shall:  (1) Itemize the goods to be sold and contain sufficient information concerning each item, including make and brand name, if any, to clearly identify it.  (2) List separately any goods which were purchased during a 60-day period immediately prior to the date of making application for the license.  (3) Show the cost price of each item in the inventory together with the name and address of the seller of the items to the applicant, the date of the purchase, the date of the delivery of each item to the applicant and the total value of the inventory at cost.  (4) In no case exceed 200% of the total value of merchandise upon which personal property tax was paid by the applicant or his predecessor as evidenced by a copy of the last personal property tax receipt issued.  (g) A statement that no goods will be added to the inventory after the application is made or during the sale and that the inventory contains no goods received on consignment. History: 1961, Act 39, Eff. Sept. 8, 1961 ;-- Am. 1963, Act 219, Eff. Sept. 6, 1963
MI Comp L § 442.214 (2021)
2021 Michigan Compiled Laws|Chapter 442 - Sales|Act 39 of 1961 - Regulation of Certain Sales (442.211 - 442.226)|Section 442.214 - Licenses; Issuance, Restrictions.

442.214 Licenses; issuance, restrictions. Sec. 4.  (1) The clerk, upon receipt of an application giving fully and completely the information under oath as required by section 3 and upon receipt of the fee provided for in section 6, may issue a license to the applicant, authorizing the applicant to advertise, represent, and sell the particular goods so inventoried at the time and place stated in the application and in true accordance with the provisions of this act. The license shall be issued in duplicate and shall bear a number and date of its expiration. A license issued under this act shall be granted and valid only for the sale of the inventoried goods which are the property of the licensee. The license shall apply only to the premises specified in the application, and it may not be transferred or assigned. If a licensee under this act is engaged in business in other locations, advertising or offering of goods on behalf of such location shall not represent or imply any participation in or cooperation with the sale on the premises specified in the license, nor shall any advertising or other offering or goods on behalf of the premises where the licensed sale is being conducted represent or imply any participation in or cooperation with such sale at other locations. No license under this act shall be issued to any person:  (a) To conduct a sale in the trade name or style of a person in whose goods the applicant for the license has acquired a right or title thereto within 6 months prior to the time of making application for such a license.  (b) To continue a sale in the name of a licensee under this act in whose goods such person acquired a right or title while such a sale is in progress.  (c) To conduct a sale, other than an insurance sale, a salvage sale or a sale of damaged goods, on the same premises within 1 year from the conclusion of a prior sale of the nature covered by this act.  (2) Subdivisions (a), (b) and (c) shall not apply to any person who has acquired a right, title or interest in goods as an heir, devisee or legatee or pursuant to an order or process of a court of competent jurisdiction. History: 1961, Act 39, Eff. Sept. 8, 1961
MI Comp L § 442.215 (2021)
2021 Michigan Compiled Laws|Chapter 442 - Sales|Act 39 of 1961 - Regulation of Certain Sales (442.211 - 442.226)|Section 442.215 - Conduct of Certain Sales; Conditions.

442.215 Conduct of certain sales; conditions. Sec. 5.  No person shall advertise or otherwise to represent, for sale, or sell, any goods as a bankruptcy, executor's, administrator's, receiver's, or trustee's sales, except pursuant to, and in compliance with, federal or state statutory authority or judicial process, or as an assignee's or insolvent sale except where there is a bona fide assignment for the benefit of creditors. History: 1961, Act 39, Eff. Sept. 8, 1961