Sec. 25.
This act shall be construed liberally to effectuate the legislative intent and its purposes. All powers granted shall be cumulative and not exclusive and shall be broadly interpreted to effectuate the intent and purposes and not as a limitation of powers.
History: 2003, Act 296, Imd. Eff. Jan. 8, 2004
Structure Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 296 of 2003 - Michigan Early Stage Venture Investment Act of 2003 (125.2231 - 125.2263)
Section 125.2231 - Short Title.
Section 125.2232 - Legislative Findings; Declaration.
Section 125.2233 - Definitions.
Section 125.2235 - Incorporation as Nonprofit Corporation.
Section 125.2237 - Articles of Incorporation; Contents.
Section 125.2241 - Filing With State Treasurer; Exception.
Section 125.2243 - Board of Directors.
Section 125.2247 - Agreements With Investors; Modification of Existing Agreement.
Section 125.2251 - Annual Financial Audit.
Section 125.2253 - Tax Voucher Certificates.
Section 125.2255 - Construction of Act.
Section 125.2257 - Annual Report.
Section 125.2259 - Actions Required.