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110 chapters · 1,399 sections in this title.
Mich. Comp. Laws § 125.2063 Certification of minority venture capital company and MESBIC; purpose; construction of certification; statement in documents; forwarding certification applications; qualifications for initial certification; compliance.
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Sec. 63. (1) The fund is empowered to certify a minority venture capital company and a MESBIC for the purpose of verifying that the business satisfies the qualifications provided by law for being an eligible recipient of investments that qualify for a credit under the single busi…
Mich. Comp. Laws § 125.2064 Considerations prior to certification.
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Sec. 64. The fund shall also consider, prior to certifying a minority venture capital company or a MESBIC, all of the following: (a) The current and proposed composition of the board of directors of the minority venture capital company or MESBIC and the relevant experience of the…
Mich. Comp. Laws § 125.2065 Percentage of venture capital investments; encouraging certified MESBIC to meet investment requirements; “investment” defined.
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Sec. 65. (1) Sixty-five percent of investments of a certified minority venture capital company shall be venture capital investments. (2) A certified MESBIC shall be encouraged to use its best efforts to meet the investment requirements imposed by subsection (1) on certified minor…
Minority venture capital company as certified MESBIC.
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Sec. 66. A minority venture capital company certified under this chapter that thereafter becomes a MESBIC shall be considered a certified MESBIC under this chapter without separate application.