Michigan § 125.2064 - Considerations prior to certification.
Full text of Michigan Michigan Compiled Laws § 125.2064 — Considerations prior to certification. , with citation guidance and answers to common questions.
§ 125.2064. Considerations prior to certification.
The fund shall also consider, prior to certifying a minority venture capital company or a MESBIC, all of the following:
The current and proposed composition of the board of directors of the minority venture capital company or MESBIC and the relevant experience of the members of the board.
Whether the minority venture capital company or MESBIC has a reasonable likelihood of being financially sound in the long run and capable of earning for its investors a reasonable rate of return.
The current availability of minority venture capital in the geographic area in which the minority venture capital company or MESBIC will conduct business and the current availability of minority venture capital in the area for products or processes similar to those funded or to be funded by the minority venture capital company or MESBIC.
The percentage of the minority venture capital company or MESBIC owned by minorities.
Frequently Asked Questions About Michigan § 125.2064
What does Michigan Compiled Laws § 125.2064 cover?
Section 125.2064 ("Considerations prior to certification. ") 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 § 125.2064?
A common citation format is "Michigan Compiled Laws § 125.2064" (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 § 125.2064 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.