Michigan § 487.14305 - Venture capital investments.
Full text of Michigan Michigan Compiled Laws § 487.14305 — Venture capital investments., with citation guidance and answers to common questions.
§ 487.14305. Venture capital investments.
Except as otherwise provided by this act, a bank may make venture capital investments, and may invest in equity securities of a professional investor a majority of whose assets consists of venture capital investments.
If a bank makes a venture capital investment under subsection (1), an officer or director of the bank shall not hold an equity position in the financed company, and the bank shall own less than 50% of the company.
A bank's investment under subsection (1) in any 1 entity shall not exceed an amount equal to 5% of the capital and surplus of the bank, and all investments under subsection (1) shall not exceed an amount equal to 10% of the capital and surplus of the bank.
This section does not limit the authority of a bank to exercise lending or investment powers which are otherwise authorized by law.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 487.14305
What does Michigan Compiled Laws § 487.14305 cover?
Section 487.14305 ("Venture capital investments.") 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 § 487.14305?
A common citation format is "Michigan Compiled Laws § 487.14305" (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 § 487.14305 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.