Michigan § 447.205 - Loan requirements.
Full text of Michigan Michigan Compiled Laws § 447.205 — Loan requirements., with citation guidance and answers to common questions.
§ 447.205. Loan requirements.
A loan which the director may recommend to the state treasurer to invest shall meet the following requirements:
The agricultural commodities or other products purchased through the loan were produced or processed, in whole or in part, within the state.
The terms of the loan would assist in making the sale competitive with the sale of agricultural commodities or other products of other states or foreign countries.
Frequently Asked Questions About Michigan § 447.205
What does Michigan Compiled Laws § 447.205 cover?
Section 447.205 ("Loan requirements.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 447.205?
A common citation format is "Michigan Compiled Laws § 447.205" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 447.205 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.