Mich. Comp. Laws § 125.909

Current through Public Act 57 of the 2024 Legislative Session
Section 125.909 - Consideration for issuance of stock, bond or debentures

Consideration for issuance of stock, bonds, or income debentures. No redevelopment corporation shall issue stock, bonds or income debentures, except for money or property actually received for the use and lawful purposes of the corporation or services actually performed for the corporation.

MCL 125.909

1941, Act 250, Imd. Eff. 6/16/1941 ;--CL 1948, 125.909.