Sec. 96.
Before any limited dividend housing association can receive any benefits as a result of qualifying under this act, the authority must approve the terms of the partnership agreement, joint venture agreement, trust agreement or other document of basic organization.
History: Add. 1970, Act 129, Imd. Eff. July 29, 1970
Structure Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 346 of 1966 - State Housing Development Authority Act of 1966 (125.1401 - 125.1499c)
346-1966-7 - Chapter 7 (125.1491...125.1496)
Section 125.1491 - Limited Dividend Housing Association; Approval; Membership.
Section 125.1492 - Association Name.
Section 125.1494 - Surplus; Definition.