Mich. Comp. Laws § 550.704

Current through Public Act 148 of the 2024 Legislative Session
Section 550.704 - Loss in case of damage; fixing amount

In case any buildings or property of the state other than those insured under the provisions of section 1 shall be damaged by fire, lightning, windstorm, explosion, riot, riot attending a strike, civil commotion, falling aircraft, hail (except growing crops) and smoke, caused from faulty operation of a heating plant using oil or gas fuel the controller, within 30 days or as soon as possible thereafter, shall ascertain and fix the amount of such damage. The ascertained amount of such damage shall in no case be less than the amount necessary to rebuild, repair or replace the property so damaged.

MCL 550.704

1913, Act 388, Eff. 8/14/1913 ;--CL 1915, 9271 ;--CL 1929, 12683 ;--Am. 1945, Act 314, Imd. Eff. 5/25/1945 ;--CL 1948, 550.704 ;--Am. 1965, Act 365, Imd. Eff. 7/23/1965.