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2018 Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 250 of 1941 URBAN REDEVELOPMENT CORPORATIONS LAW (125.901 - 125.922)
AN ACT to provide for the creation of urban redevelopment corporations for the purpose of clearing, replanning, rehabilitating, modernizing, beautifying, and reconstructing substandard and insanitary areas; to provide for the powers and duties of urban redevelopment corporations and certain local units of government; to grant limited tax exemptions and powers of condemnation; and to provide for certain regulations and control by public agencies.
History: 1941, Act 250, Imd. Eff. June 16, 1941 ;-- Am. 1945, Act 102, Eff. Sept. 6, 1945 ;-- Am. 1968, Act 325, Imd. Eff. July 3, 1968 ;-- Am. 1992, Act 138, Imd. Eff. July 15, 1992
- Section 125.901 Urban redevelopment corporations law; short title; applicability to townships.
- Section 125.902 Legislative findings; policy of state; purpose of act.
- Section 125.903 Urban redevelopment corporations law; definitions.
- Section 125.904 Development plans; contents; approval; requirements; amendments; fees.
- Section 125.905 Supervising agency; appointment.
- Section 125.906 Redevelopment corporation; organization; articles; forfeiture of rights; name.
- Section 125.907 Limitations imposed upon redevelopment corporations; limitations.
- Section 125.908 Corporation code; application to redevelopment corporations.
- Section 125.909 Consideration for issuance of stock, bond or debentures.
- Section 125.910 Determination of development cost; procedure.
- Section 125.911 Regulation of corporation by supervising agency.
- Section 125.912 Exemption from increase in assessed value; limitations; development plan; “qualified entity” defined.
- Section 125.912a Redevelopment corporation; powers and authority.
- Section 125.912b Redevelopment corporation; funds, grants, agreements.
- Section 125.913 Return on income debentures and stock; limitations.
- Section 125.914 Proceedings against redevelopment corporations; parties.
- Section 125.915 Real estate; transfer to redevelopment corporations.
- Section 125.916 Acquisition of real estate; methods; condemnation.
- Section 125.917 Condemnation; proceedings; damages; compensation.
- Section 125.917a Condemnation, law applicable.
- Section 125.918 Leasing of property of corporation; termination of tenancy.
- Section 125.919 Mortgages of corporation; provisions governing.
- Section 125.920 Sale or lease of real estate by a city to corporation.
- Section 125.921 Provisions of lease.
- Section 125.922 Construction of act.
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