Michigan § 125.706 - Cooperative action by borrowers; scope.
Full text of Michigan Michigan Compiled Laws § 125.706 — Cooperative action by borrowers; scope., with citation guidance and answers to common questions.
§ 125.706. Cooperative action by borrowers; scope.
Any 2 or more borrowers may join or cooperate in the exercise, either jointly or otherwise, of any power conferred in this act for the purpose of financing including the issuance of bonds, notes or other obligations and giving security with respect to housing facilities. For such purposes a cooperating borrower by resolution may agree to so cooperate and authorize any other cooperating borrower, so joining or cooperating with it, to act on its behalf with respect to any power, as its agent or otherwise, in its own name.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 125.706
What does Michigan Compiled Laws § 125.706 cover?
Section 125.706 ("Cooperative action by borrowers; scope.") 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 § 125.706?
A common citation format is "Michigan Compiled Laws § 125.706" (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 § 125.706 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.