Sec. 65. (1) Sixty-five percent of investments of a certified minority venture capital company shall be venture capital investments. (2) A certified MESBIC shall be encouraged to use its best efforts to meet the investment requirements imposed by subsection (1) on certified minority venture capital companies. (3) For purposes of this section, section 61(d), and section 63(2)(d), (e), and (i), "investment" means financial assistance provided by a MESBIC or minority venture capital company, whether through loans, guarantees, venture capital investments, or commitments.
Mich. Comp. Laws § 125.2065
Percentage of venture capital investments; encouraging certified MESBIC to meet investment requirements; “investment” defined
1984, Act 270, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.