Sec. 71. As used in this chapter: (a) "Economic development fund" means that fund to which the fund succeeded in ownership pursuant to section 22. (b) "Research and development enterprise" means any person found by the fund to be engaged in a business which uses green chemistry as a design guidance, or the discovery of new substances and the refinement of known substances, processes, products, theories, and ideas, except for those persons whose businesses are directed primarily to the accumulation or analysis of commercial, financial, or mercantile data. (c) "Research center fund" means that fund created by section 27 of former 1982 PA 70, to which the fund succeeds in ownership pursuant to section 76.
Mich. Comp. Laws § 125.2071
Definitions
Applied in 1 court decision — leading case 221 Mich. App. 541 - National Center for Manufacturing Sciences, Inc v. City of Ann Arbor (1997)
Most recently applied in 221 Mich. App. 541 - National Center for Manufacturing Sciences, Inc v. City of Ann Arbor (April 1997)
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.