Mich. Comp. Laws § 125.2065

Current through Public Act 151 of the 2024 Legislative Session
Section 125.2065 - Percentage of venture capital investments; encouraging certified MESBIC to meet investment requirements; "investment" defined
(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.

MCL 125.2065

1984, Act 270, Eff. 3/29/1985.