# MCL 38.1016

MCL 38.1016, “Prescribed rate of interest; definition”, is an MCL section of [1957 PA 261](https://ontology.bommaritollc.com/id/01a0d565-224c-759c-b8f0-ef3af24b0f5e); in force.

IRI: <https://ontology.bommaritollc.com/id/01a0d566-0951-723e-8538-fcdb2154af49>

Within: [1957 PA 261](https://ontology.bommaritollc.com/id/01a0d565-224c-759c-b8f0-ef3af24b0f5e)

Type: [schema:Legislation](https://schema.org/Legislation)

- `adms:identifier`: [mcl-object mcl-38-1016](https://ontology.bommaritollc.com/id/01a0d566-0952-7665-9215-3e8310db7cf8)
- `prov:wasDerivedFrom`: [evidence from https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-38-1016](https://ontology.bommaritollc.com/id/01a0d566-0951-723e-8538-fcda6e7d540c)
- `schema:isPartOf`: [1957 PA 261](https://ontology.bommaritollc.com/id/01a0d565-224c-759c-b8f0-ef3af24b0f5e)
- `schema:legislationIdentifier`: MCL 38.1016
- `schema:legislationJurisdiction`: [Michigan](https://ontology.bommaritollc.com/id/01a0ca47-57ff-7219-9e2f-cdc1b39bd0fa)
- `schema:legislationLegalForce`: [schema:InForce](https://schema.org/InForce)
- `schema:legislationType`: [MCL section](https://ontology.bommaritollc.com/vocab/leg/mclSection)
- `schema:name`: Prescribed rate of interest; definition.
- `schema:url`: [https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-38-1016](https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-38-1016)
- `skos:prefLabel`: MCL 38.1016

## Elsewhere

- [Official page](https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-38-1016) (www.legislature.mi.gov)

## Pointing here

- Amended by (1; `eli:amends`):
  - [1968 PA 99](https://ontology.bommaritollc.com/id/01a0d565-42f1-7794-a62a-1bc239852f7c)

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Cite as: MCL 38.1016. bc-ontology, release 0.1.0-rc12, 2026-09-27. https://ontology.bommaritollc.com/id/01a0d566-0951-723e-8538-fcdb2154af49
Release 0.1.0-rc12, graph hash a20f66b983549f220c6f061b7e40233771a06aa47a0c0aede95a2a57ee2e9553.