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Section 129.201 - Bonds of Principal Contractor on Public Building, Work, or Improvement; Irrevocable Letter of Credit. - Sec. 1. Before any contract, exceeding $50,000.00 for the construction,...
Section 129.202 - Performance Bond; Amount; Condition; Purpose. - Sec. 2. The performance bond shall be in an amount...
Section 129.203 - Payment Bond; Amount; Purpose. - Sec. 3. The payment bond shall be in an amount...
Section 129.204 - Bond, Surety, Obligee. - Sec. 4. A bond shall be executed by a surety...
Section 129.205 - Filing of Bond. - Sec. 5. The bonds shall be filed in the office...
Section 129.206 - Public Works, Contractor's Bond; Definitions. - Sec. 6. A “claimant” means a person having furnished labor,...
Section 129.207 - Enforcement of Claims; Notice of Supplier to Principal Contractor or Governmental Unit; Payment to Subcontractor. - Sec. 7. A claimant who has furnished labor or material...
Section 129.208 - Copies of Bonds and Contracts; Fees. - Sec. 8. The agent in charge of the office of...
Section 129.209 - Venue; Statute of Limitations. - Sec. 9. An action instituted on the payment bond shall...
Section 129.210 - Application of Statute. - Sec. 10. This act shall not apply to any contract...
Section 129.211 - Repeal; Restriction on Other Statute. - Sec. 11. Section 64 of Act No. 59 of the...
Section 129.212 - Act Inapplicable to Contracts Awarded Under MCL 280.1 to 280.630. - Sec. 12. This act does not apply to a contract...