Michigan Compiled Laws
Mich. Comp. Laws § 438.1 (2026)
Money of account.
✓ current as of July 2026
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Revised Statutes of 1846
R.S. of 1846
438.1 Money of account.
Sec. 1.
The money of account of this state, shall be the dollar, cent, and mill; and all accounts in the public offices, and all other public accounts, and all proceedings in courts, shall be kept and had in conformity with this regulation.
History: R.S. 1846, Ch. 34 ;-- CL 1857, 1312 ;-- CL 1871, 1630 ;-- How. 1592 ;-- CL 1897, 4854 ;-- CL 1915, 5993 ;-- CL 1929, 9235 ;-- CL 1948, 438.1
Notes of Decisions
Cited in 1
case, 2007–2007 · leading case: Patrick v. Shaw, 739 N.W.2d 365 (Mich. Ct. App. 2007).
Patrick v. Shaw, 739 N.W.2d 365 (Mich. Ct. App. 2007). “The original note, which did not specify any problematic increase, would not have been usurious, but the parties subsequently changed the terms — in “other evidence of indebtedness” — to provide for an interest rate above “the rate of interest initially effective.”
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