Act
Economic development corporations act
- Mich. Comp. Laws § 125.1601— Short title
- Mich. Comp. Laws § 125.1602— Legislative finding
- Mich. Comp. Laws § 125.1603— Definitions
- Mich. Comp. Laws § 125.1604— Economic development corporation; incorporation; application; notice; hearing; approval; board of directors; appointment, qualifications, terms, and compensation of directors; public meetings; directors as public officers; expiration; vacancy; removal; disclosure of interest; planning commission of certain municipalities serving as board of directors
- Mich. Comp. Laws § 125.1605— Approval of application to incorporate and articles of incorporation by resolution; incorporation pursuant to MCL 125.1628 to 125.1636
- Mich. Comp. Laws § 125.1606— Organization of corporation at municipal and county levels; limitation
- Mich. Comp. Laws § 125.1606a— Subsidiary neighborhood development corporation; creation; powers; exemption from prevailing wage and fringe benefit rate requirements; disposition of surplus from sale of property; repayment of bonds or notes
- Mich. Comp. Laws § 125.1607— Powers of corporation generally
- Mich. Comp. Laws § 125.1607a— Pledge by corporation; validity; lien; filing or recording instruments not required
- Mich. Comp. Laws § 125.1607b— Board of directors serving as planning commission; agenda
- Mich. Comp. Laws § 125.1608— Designation of project area; certification of approval; preparation and approval of project plan; transfer of employment; contents of project plan; corporation as instrumentality of political subdivision; notice to vacate; corporation to operate project as lessor; issuance of obligations; project plans for agricultural and forestry enterprises
- Mich. Comp. Laws § 125.1609— Project plan; findings and recommendations of local public agency; determinations; publication of general standards for project plans; local public agency recommendations concerning project plan not required
- Mich. Comp. Laws § 125.1610— Project plan; submission of findings and recommendations; determination of public purpose; considerations
- Mich. Comp. Laws § 125.1611— Amendments to project plan; compliance with local ordinances and resolutions
- Mich. Comp. Laws § 125.1612— Establishment of project district area boundaries; project citizens district council; establishment; appointment and qualifications of members; council as representative of project area
- Mich. Comp. Laws § 125.1613— Project citizens district council as advisory body
- Mich. Comp. Laws § 125.1614— Consultation between representative of corporation and project citizens district council
- Mich. Comp. Laws § 125.1615— Project citizens district council; meetings; notice; right of person to be heard; record of meeting; information and technical assistance; conditions to adoption of project plan
- Mich. Comp. Laws § 125.1616— Existing citizens district council as authorized projects citizens district council
- Mich. Comp. Laws § 125.1617— Public hearing before adoption of resolution approving project plan; notice; record of public hearing; availability of record to public
- Mich. Comp. Laws § 125.1618— Finding and recommendations of project citizens district council; notice
- Mich. Comp. Laws § 125.1619— Revision of boundaries of project district area
- Mich. Comp. Laws § 125.1620— Situations not requiring project citizens district council; dissolution of council
- Mich. Comp. Laws § 125.1621— Injunction, mandamus, or other appropriate remedy at law; equitable relief
- Mich. Comp. Laws § 125.1622— Condemnation
- Mich. Comp. Laws § 125.1623— Borrowing money and issuing revenue bonds or revenue notes; issuing refunding bonds; bonds or notes and interest exempt from taxation; exceptions; liability of municipality on notes or bonds; statement; investment in bonds and notes; deposit of bonds and notes; report; inspection of records and reports; publication and distribution of statement of revenues and expenditures
- Mich. Comp. Laws § 125.1624— Disposition of net earnings and property upon dissolution of corporation
- Mich. Comp. Laws § 125.1625— Exemption of corporation and instruments of conveyance from taxation
- Mich. Comp. Laws § 125.1627— Powers of public bodies
- Mich. Comp. Laws § 125.1628— Incorporation of economic development corporation; name of corporation
- Mich. Comp. Laws § 125.1629— Articles of incorporation; approval by resolution; contents
- Mich. Comp. Laws § 125.1630— Amendment of articles of incorporation
- Mich. Comp. Laws § 125.1631— Articles of incorporation; execution; delivery; filing; publication; statement of right to question incorporation; certificate; effective date and validity of incorporation
- Mich. Comp. Laws § 125.1632— Corporation as body corporate; powers
- Mich. Comp. Laws § 125.1632a— Personal liability of board members; insurance
- Mich. Comp. Laws § 125.1633— Dissolution of corporation; referendum on continued existence of corporation
- Mich. Comp. Laws § 125.1634— Corporations organized and incorporated pursuant to MCL 450.62 to 450.192; validation, force, and effect of prior actions
- Mich. Comp. Laws § 125.1634a— Corporation deemed validly incorporated; validity of action taken by corporation under act; validity and legality of evidences of indebtedness and related instruments
- Mich. Comp. Laws § 125.1635— Liberal construction
- Mich. Comp. Laws § 125.1636— Authority cumulative