Michigan § 125.2013 - Total debt owed to fund; limitation.
Full text of Michigan Michigan Compiled Laws § 125.2013 — Total debt owed to fund; limitation., with citation guidance and answers to common questions.
§ 125.2013. Total debt owed to fund; limitation.
The total debt owed to the fund, excluding rights and royalties under a venture capital agreement or obligations to the fund resulting from an industrial development revenue bond or note, in relation to any 1 project shall at no time exceed 5% of the total assets of the fund, except that upon approval by a 2/3 vote of the board this amount may be increased to not to exceed 10% of the assets of the fund. This section does not apply to a program or activity authorized under chapter 8A.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 125.2013
What does Michigan Compiled Laws § 125.2013 cover?
Section 125.2013 ("Total debt owed to fund; limitation.") 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 § 125.2013?
A common citation format is "Michigan Compiled Laws § 125.2013" (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 § 125.2013 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.