Michigan § 125.2958 Dissolution or termination; validity of incentives previously granted.

Michigan Statutes

§ 125.2958 — Dissolution or termination; validity of incentives previously granted.

Michigan § 125.2958

Ch. 125PLANNING, HOUSING, AND ZONING

Act 275 of 2010NEXT MICHIGAN DEVELOPMENT ACT (125.2951-125.2959)

This text of Michigan § 125.2958 (Dissolution or termination; validity of incentives previously granted.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 125.2958 (2026).

Text

NEXT MICHIGAN DEVELOPMENT ACT (EXCERPT) Act 275 of 2010 125.2958 Dissolution or termination; validity of incentives previously granted. Sec.

8.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.

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NEXT MICHIGAN DEVELOPMENT ACT (EXCERPT) Act 275 of 2010 125.2958 Dissolution or termination; validity of incentives previously granted. Sec. 8. 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.