Michigan § 125.707 - Cooperative financing arrangement; resolution; agent borrower.
Full text of Michigan Michigan Compiled Laws § 125.707 — Cooperative financing arrangement; resolution; agent borrower., with citation guidance and answers to common questions.
§ 125.707. Cooperative financing arrangement; resolution; agent borrower.
A borrower desiring to join in a cooperating financing arrangement with any other borrower shall adopt a resolution determining to enter into a cooperative financing arrangement and designating 1 of the cooperating borrowers as agent borrower. The agent borrower by resolution shall agree to accept the designation and act in the capacity of agent borrower and direct the preparation of a financing agreement.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 125.707
What does Michigan Compiled Laws § 125.707 cover?
Section 125.707 ("Cooperative financing arrangement; resolution; agent borrower.") 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 § 125.707?
A common citation format is "Michigan Compiled Laws § 125.707" (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 § 125.707 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.