Michigan Compiled Laws
270-1984-1 - Chapter 1 (125.2001...125.2014)
Section 125.2014 - Loans and Transactions.

Sec. 14.
A loan made by the fund pursuant to this act or through any of its centers shall not be considered a loan proscribed by section 11 of Act No. 472 of the Public Acts of 1978, being section 4.421 of the Michigan Compiled Laws. In addition, any transaction of the fund pursuant to this act or through any of its centers shall be considered a financial transaction in the ordinary course of business of the fund for purposes of Act No. 472 of the Public Acts of 1978, being sections 4.411 to 4.431 of the Michigan Compiled Laws.
History: 1984, Act 270, Eff. Mar. 29, 1985 Popular Name: Strategic Fund

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 125 - Planning, Housing, and Zoning

Act 270 of 1984 - Michigan Strategic Fund Act (125.2001 - 125.2094)

270-1984-1 - Chapter 1 (125.2001...125.2014)

Section 125.2001 - Legislative Finding and Declaration.

Section 125.2002 - Purposes of Act.

Section 125.2003 - Short Title.

Section 125.2004 - Definitions.

Section 125.2005 - Michigan Strategic Fund; Creation; Purposes, Powers, Duties, and Functions Generally; Appointment, Qualifications, and Terms of Members; Chairperson, President, and Vice-President; Compensation and Expenses; Delegation of Functions...

Section 125.2006 - Members, Officers, and Employees Subject to MCL 15.321 to 15.330 or MCL 15.301 to 15.310; Discharge of Duties by Member, Officer, Employee, or Agent; Prohibited Conduct; Conflict of Interest; Noncompliance; Expenditures.