Michigan § 125.2259 - Actions required.
Full text of Michigan Michigan Compiled Laws § 125.2259 — Actions required., with citation guidance and answers to common questions.
§ 125.2259. Actions required.
Not later than 1 year after the effective date of this act or 10 months after the Michigan early stage venture investment corporation receives a determination from the internal revenue service that it is exempt from taxation under section 501(c)(3) or 501(c)(4) of the internal revenue code, whichever occurs later, all of the following shall occur:
The Michigan early stage venture investment corporation shall be established and the board appointed.
A fund manager shall be hired by the Michigan early stage venture investment corporation.
An investment plan shall be established.
Funds shall have been solicited and available for investment consistent with the investment plan.
Frequently Asked Questions About Michigan § 125.2259
What does Michigan Compiled Laws § 125.2259 cover?
Section 125.2259 ("Actions required.") 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 § 125.2259?
A common citation format is "Michigan Compiled Laws § 125.2259" (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 § 125.2259 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.