Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 250 of 1941 - Urban Redevelopment Corporations Law (125.901 - 125.922)

Section 125.901 - Urban Redevelopment Corporations Law; Short Title; Applicability to Townships. - Sec. 1. (1) This act shall be known and may...

Section 125.902 - Legislative Findings; Policy of State; Purpose of Act. - Sec. 2. It is declared that in the cities of...

Section 125.903 - Urban Redevelopment Corporations Law; Definitions. - Sec. 3. The following terms, whenever used or referred to...

Section 125.904 - Development Plans; Contents; Approval; Requirements; Amendments; Fees. - Sec. 4. Development plans and approval thereof. 1. A development...

Section 125.905 - Supervising Agency; Appointment. - Sec. 5. The local legislative body of a city is...

Section 125.906 - Redevelopment Corporation; Organization; Articles; Forfeiture of Rights; Name. - Sec. 6. 1. At any time 1 or more natural...

Section 125.907 - Limitations Imposed Upon Redevelopment Corporations; Limitations. - Sec. 7. Limitation of redevelopment corporations. No redevelopment corporation shall:...

Section 125.908 - Corporation Code; Application to Redevelopment Corporations. - Sec. 8. Application of other corporation laws to redevelopment corporations....

Section 125.909 - Consideration for Issuance of Stock, Bond or Debentures. - Sec. 9. Consideration for issuance of stock, bonds, or income...

Section 125.910 - Determination of Development Cost; Procedure. - Sec. 10. 1. Upon the completion of a development, a...

Section 125.911 - Regulation of Corporation by Supervising Agency. - Sec. 11. Regulation of redevelopment corporations by supervising agency. A...

Section 125.912 - Exemption From Increase in Assessed Value; Limitations; Development Plan; “Qualified Entity” Defined. - Sec. 12. (1) A local legislative body is authorized by...

Section 125.912a - Redevelopment Corporation; Powers and Authority. - Sec. 12a. Except as otherwise provided in this act, a...

Section 125.912b - Redevelopment Corporation; Funds, Grants, Agreements. - Sec. 12b. (1) Funds for the operation of a redevelopment...

Section 125.913 - Return on Income Debentures and Stock; Limitations. - Sec. 13. Limited return on income debentures and stock. 1....

Section 125.914 - Proceedings Against Redevelopment Corporations; Parties. - Sec. 14. Enforcement proceedings against redevelopment corporations. Whenever a redevelopment...

Section 125.915 - Real Estate; Transfer to Redevelopment Corporations. - Sec. 15. Transfer of real property to redevelopment corporation. Notwithstanding...

Section 125.916 - Acquisition of Real Estate; Methods; Condemnation. - Sec. 16. 1. A redevelopment corporation may, whether before or...

Section 125.917 - Condemnation; Proceedings; Damages; Compensation. - Sec. 17. 1. When it is desired that any real...

Section 125.917a - Condemnation, Law Applicable. - Sec. 17a. Notwithstanding the provisions of section 17, condemnation proceedings...

Section 125.918 - Leasing of Property of Corporation; Termination of Tenancy. - Sec. 18. Temporary use or occupation of real property taken...

Section 125.919 - Mortgages of Corporation; Provisions Governing. - Sec. 19. Mortgages. 1. Any redevelopment corporation may borrow funds...

Section 125.920 - Sale or Lease of Real Estate by a City to Corporation. - Sec. 20. Sale or lease of real property by a...

Section 125.921 - Provisions of Lease. - Sec. 21. Provisions of lease. If real property of a...

Section 125.922 - Construction of Act. - Sec. 22. Construction. This act shall be construed liberally to...