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2022 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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