Mich. Admin. Code R. 460.2517

Current through Vol. 24-21, December 1, 2024
Section R. 460.2517 - Title papers, charters, franchises, licenses, formal orders; retention periods

Rule 17. The following documents shall be retained for the periods listed:

(a) Deeds and other title papers, including abstracts of title and supporting data. 6 years after property is disposed of, unless surrendered to transferee.
(b) Corporate charters or certificates of incorporation. Life of the corporation.
(c) Franchises and certificates authorizing operation as a public utility. Life of the corporation.
(d) Licenses, including amendments thereof, granted by federal or state authorities for construction and operation of utility plant. 25 years.
(e) Copies of formal orders of regulatory commissions served upon the utility. Life of the corporation.

Mich. Admin. Code R. 460.2517

1979 AC; 1980 AACS