There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - Act 123 of 1995
AN ACT to provide for the authorization of municipalities of this state to create an enterprise community development corporation; to facilitate the implementation of strategic plans relating to the designation and treatment of enterprise communities; to stimulate the creation of new jobs for the disadvantaged and long-term unemployed; to promote revitalization of economically distressed areas; to prescribe the powers and duties of enterprise community development corporations; to provide for the creation of neighborhood review panels; and to provide for the condemnation and transfer of public and private property to carry out the purposes of this act.
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Document | Description |
Section 125.2601 | Short title. |
Section 125.2603 | Legislative findings. |
Section 125.2605 | Definitions. |
Section 125.2607 | Enterprise community development corporation; application for incorporation; notice; public hearing; process for approving articles of incorporation and bylaws. |
Section 125.2609 | Articles of incorporation; filing; validity. |
Section 125.2611 | Incorporation of more than 1 corporation prohibited. |
Section 125.2613 | Board of directors; determination of size and composition by ordinance; appointment; removal; qualifications, selection, vacancy, number, and demographic diversity of members; executive committee; neighborhood review panel; employment of executive director and staff. |
Section 125.2615 | Board of directors; appointment; terms; expiration of term; compensation and expenses. |
Section 125.2617 | Disclosure of interest in matter before corporation. |
Section 125.2619 | Board of directors; quorum. |
Section 125.2621 | Corporation; powers and duties. |
Section 125.2623 | Corporation; dissolution. |
Section 125.2625 | Imposition of sanctions; basis; approval. |
Section 125.2627 | Proceedings under powers of eminent domain; taking and transfer of property; terms and conditions. |
Section 125.2629 | Construction of act. |
Section 125.2631 | Authority of act in addition to power of municipality. |
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