Michigan § 125.2958 - Dissolution or termination; validity of incentives previously granted.
Full text of Michigan Michigan Compiled Laws § 125.2958 — Dissolution or termination; validity of incentives previously granted., with citation guidance and answers to common questions.
§ 125.2958. Dissolution or termination; validity of incentives previously granted.
In the event that a next Michigan development corporation dissolves or is terminated, all incentives previously granted by the next Michigan development corporation shall be unaffected by the dissolution and shall remain valid and in full force and effect in accordance with their respective terms. Incentives previously granted by the next Michigan development corporation shall be administered by the city, village, township, or charter township in which the eligible business to which the incentives were granted is located unless otherwise provided in the interlocal agreement.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 125.2958
What does Michigan Compiled Laws § 125.2958 cover?
Section 125.2958 ("Dissolution or termination; validity of incentives previously granted.") 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 § 125.2958?
A common citation format is "Michigan Compiled Laws § 125.2958" (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 § 125.2958 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.