Michigan § 125.1491 - Limited dividend housing association; approval; membership.
Full text of Michigan Michigan Compiled Laws § 125.1491 — Limited dividend housing association; approval; membership., with citation guidance and answers to common questions.
§ 125.1491. Limited dividend housing association; approval; membership.
Limited dividend housing association includes general or limited partnerships, limited liability companies, joint ventures, or trusts, as any such entities shall be approved by resolution of the authority. Members of a limited dividend housing association shall include each and all persons with a legal or beneficial interest of any kind in a limited dividend housing association or its assets.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 125.1491
What does Michigan Compiled Laws § 125.1491 cover?
Section 125.1491 ("Limited dividend housing association; approval; membership.") 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 § 125.1491?
A common citation format is "Michigan Compiled Laws § 125.1491" (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 § 125.1491 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.