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Michigan Administrative Code (Last Updated: November 16, 2016) |
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Department LR. Licensing and Regulatory Affairs |
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Public Service Commission |
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Chapter Preservation of Records of Electric, Gas, And Water Utilities |
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Part 2. SCHEDULE OF RECORDS AND PERIODS OF RETENTION |
Section 460.2517. Title papers, charters, franchises, licenses, formal orders; retention periods.
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Rule 17. The following documents shall be retained for the periods listed:
(a) ) Deeds and other title papers, including abstracts of title and supporting data.
6 years after property is disposed of, unless surrendered to transferee.
(b) Corporate charters or certificates of incorporation.
Life of the corporation.
(c) Franchises and certificates authorizing operation as a public utility.
Life of the corporation.
(d) Licenses, including amendments thereof, granted by federal or state authorities for construction and operation of utility plant.
25 years.
(e) ) Copies of formal orders of regulatory commissions served upon the uti1ity.
Life of the corporation.
History: 1979 AC; 1980 AACS.