Michigan Compiled Laws

Mich. Comp. Laws § 21.201 (2026)

Interest on educational funds; computation; payment.

✓ current as of July 2026

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INTEREST ON EDUCATIONAL FUNDS

Act 181 of 1881

21.201 Interest on educational funds; computation; payment.

Sec. 1.

That upon all sums paid into the state treasury upon account of the principal of any of the educational funds, except where the provision is or shall be made by law, the state treasurer shall compute interest from the time of the payment, or from the time of the last computation of interest on the payment, to the first Monday of April in each year, and shall give credit on the interest to each fund, as the case may be; and the interest shall be paid out of the specific taxes.

History: 1881, Act 181, Imd. Eff. May 31, 1881 ;-- How. 5361 ;-- CL 1897, 1195 ;-- CL 1915, 296 ;-- CL 1929, 356 ;-- CL 1948, 21.201 ;-- Am. 2002, Act 106, Imd. Eff. Mar. 27, 2002

Notes of Decisions

Cited in 9 cases, 1945–1967 · leading case: Cont'l Motors Corp. v. Twp. of Muskegon, 135 N.W.2d 908 (Mich. 1965).

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Cont'l Motors Corp. v. Twp. of Muskegon, 135 N.W.2d 908 (Mich. 1965). · cites it 2× “(Stat Ann 1963 Rev and Stat Ann 1963 Cum Supp § 21.201 et seq. ). [6] CLS 1961, § 205.51 et seq.”

Gartland S.S. Co. v. Corp. & Sec. Comm'n, 64 N.W.2d 886 (Mich. 1954). · cites it 2× “[Stat Ann and Stat Ann 1953 Cum Supp §21.201 et seep]), provides in part: “Sec.”

Detroit Edison Co. v. State, 105 N.W.2d 227 (Mich. 1960). · cites it 2× “, as amended (Stat Ann § 21.201 et seq., as amended).”

Dooley v. City of Detroit, 121 N.W.2d 724 (Mich. 1963). “, as amended (Stat Ann'1961 Cum Supp § 21.201 et seq.). 4 The constitutional delegates of 1908 carefully spelled out in detail the radical change of which we speak.”

W. Elec. Co. v. Dep't of Revenue, 20 N.W.2d 734 (Mich. 1945). “§21.201 et seq.]), imposed an annual franchise fee upon corporations.”

Duluth, Ss & Ar Co. v. C. & S. Comm., 92 N.W.2d 22 (Mich. 1959). “[Stat Ann § 21.201 et seq. ]) requiring the payment of a franchise and privilege fee by each domestic and foreign corporation.”

Corp. & Sec. Comm'n v. Am. Motors Corp., 152 N.W.2d 666 (Mich. 1967). · cites it 2× “(Stat Ann 1963 Rev § 21.201 et seq. ), and neither such act nor any other law of the State of Michigan authorizes plaintiffs or this Court to prescribe any such regulations, such matters being a legislative function beyond the powers of plaintiffs and this Court.”

Duluth, South Shore & Atl. R.R. v. Corp. & Sec. Comm'n, 92 N.W.2d 22 (Mich. 1958). “[Stat Ann § 21.201 et seqj]) requiring the payment of a franchise and privilege fee by each domestic and foreign corporation.”

Panhandle E. Pipe Line Co. v. Corp. & Sec. Comm'n, 77 N.W.2d 249 (Mich. 1956). “[Stat Ann and Stat Ann 1953 Cum Supp § 21.201 et seq.]). The following statistics of plaintiff’s activities for the calendar year of 1951 are material to the solution of the issue presented in this cause: Plaintiff owned and operated in the year in question 3,974.”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.