Mich. Comp. Laws § 460.651

Current through Public Act 156 of the 2024 Legislative Session
Section 460.651 - Guaranty deposit; approval of terms and conditions

A public utility regulated by the Michigan public service commission may require a ratepayer to pay a deposit as a guaranty for the payment of the utility's services. In the absence of specific rules adopted by the commission, the terms and conditions for a guaranty deposit required by a utility must be approved by the commission.

MCL 460.651

1921, Act 347, Eff. 8/18/1921 ;--CL 1929, 11108 ;--CL 1948, 460.651 ;--Am. 1988, Act 168, Imd. Eff. 6/17/1988.