Michigan § 447.205 Loan requirements.

Michigan Statutes

§ 447.205 — Loan requirements.

Michigan § 447.205

Ch. 447FOREIGN TRADE

Act 359 of 1990MICHIGAN FARM EXPORT ACT (447.201-447.207)

This text of Michigan § 447.205 (Loan requirements.) 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 § 447.205 (2026).

Text

MICHIGAN FARM EXPORT ACT (EXCERPT) Act 359 of 1990 447.205 Loan requirements. Sec. 5. A loan which the director may recommend to the state treasurer to invest shall meet the following requirements:

(a)The agricultural commodities or other products purchased through the loan were produced or processed, in whole or in part, within the state.

(b)The terms of the loan would assist in making the sale competitive with the sale of agricultural commodities or other products of other states or foreign countries.

Free access — add to your briefcase to read the full text and ask questions with AI

MICHIGAN FARM EXPORT ACT (EXCERPT) Act 359 of 1990 447.205 Loan requirements. Sec. 5. A loan which the director may recommend to the state treasurer to invest shall meet the following requirements: (a) The agricultural commodities or other products purchased through the loan were produced or processed, in whole or in part, within the state. (b) The terms of the loan would assist in making the sale competitive with the sale of agricultural commodities or other products of other states or foreign countries.