Michigan Compiled Laws
Act 146 of 2000 - Obsolete Property Rehabilitation Act (125.2781 - 125.2797)
Section 125.2793 - Transfer and Assignment of Certificate.

Sec. 13.
An obsolete property rehabilitation exemption certificate may be transferred and assigned by the holder of the certificate to a new owner of the rehabilitated facility if the qualified local governmental unit approves the transfer after application by the new owner.
History: 2000, Act 146, Imd. Eff. June 6, 2000

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 125 - Planning, Housing, and Zoning

Act 146 of 2000 - Obsolete Property Rehabilitation Act (125.2781 - 125.2797)

Section 125.2781 - Short Title.

Section 125.2782 - Definitions.

Section 125.2783 - Obsolete Property Rehabilitation Districts; Creation; Conditions; Filing Written Request; Notice and Hearing; Finding and Determination.

Section 125.2784 - Obsolete Property Rehabilitation Exemption Certificate; Application; Filing; Contents; Hearing; Determination of Taxable Value.

Section 125.2785 - Approval or Disapproval of Resolution; Forward Copies.

Section 125.2786 - Approval or Disapproval of Resolution by Commission; Certificate; Issuance; Form; Contents; Effective Date; Filing; Maintenance of Record of Certificates; Copy; Discovery of Error or Mistake in Application; Amended Application; Fai...

Section 125.2787 - Issuance of Certificate; Tax Exemption; Time Period; Limitation; Commencement; Extension; Review.

Section 125.2788 - Taxable Value of Property Proposed to Be Exempt; Application; Limitation; Separate Finding by Legislative Body of Qualified Local Governmental Unit; Statement; Requirements for Approval of Application; Effective Date of Certificate...

Section 125.2789 - Value and Taxable Value of Property; Annual Determination.

Section 125.2790 - Obsolete Properties Tax; Amount; Collection, Disbursement, and Assessment; Payment; Copy of Disbursement Amount; Form; Property Located in Renaissance Zone; Exemption of Rehabilitated Facility of Qualified Start-Up Business From Ta...

Section 125.2791 - Lien; Proceedings.

Section 125.2792 - Revocation of Certificate; Findings; Request for Revocation or Reinstatement of Certificate.

Section 125.2793 - Transfer and Assignment of Certificate.

Section 125.2794 - Report to Commission.

Section 125.2795 - Report to Legislative Committees.

Section 125.2796 - Exemption After December 31, 2026.

Section 125.2797 - Exclusions; Limitation.