Sec. 1.
(1) This act shall be known and may be cited as the "urban redevelopment corporations law."
(2) This act applies to townships in the same manner and to the same extent as it applies to cities. However, the development area in a township shall be limited to property that was used for a state office, hospital, prison, institution of higher education, or other state facility.
History: 1941, Act 250, Imd. Eff. June 16, 1941 ;-- CL 1948, 125.901 ;-- Am. 1992, Act 138, Imd. Eff. July 15, 1992 Compiler's Notes: The catchlines following the act section numbers were incorporated as part of the act as enacted.
Structure 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.
Section 125.902 - Legislative Findings; Policy of State; Purpose of Act.
Section 125.903 - Urban Redevelopment Corporations Law; Definitions.
Section 125.904 - Development Plans; Contents; Approval; Requirements; Amendments; Fees.
Section 125.905 - Supervising Agency; Appointment.
Section 125.906 - Redevelopment Corporation; Organization; Articles; Forfeiture of Rights; Name.
Section 125.907 - Limitations Imposed Upon Redevelopment Corporations; Limitations.
Section 125.908 - Corporation Code; Application to Redevelopment Corporations.
Section 125.909 - Consideration for Issuance of Stock, Bond or Debentures.
Section 125.910 - Determination of Development Cost; Procedure.
Section 125.911 - Regulation of Corporation by Supervising Agency.
Section 125.912a - Redevelopment Corporation; Powers and Authority.
Section 125.912b - Redevelopment Corporation; Funds, Grants, Agreements.
Section 125.913 - Return on Income Debentures and Stock; Limitations.
Section 125.914 - Proceedings Against Redevelopment Corporations; Parties.
Section 125.915 - Real Estate; Transfer to Redevelopment Corporations.
Section 125.916 - Acquisition of Real Estate; Methods; Condemnation.
Section 125.917 - Condemnation; Proceedings; Damages; Compensation.
Section 125.917a - Condemnation, Law Applicable.
Section 125.918 - Leasing of Property of Corporation; Termination of Tenancy.
Section 125.919 - Mortgages of Corporation; Provisions Governing.
Section 125.920 - Sale or Lease of Real Estate by a City to Corporation.