2009 Michigan Laws 125.909 – Consideration for issuance of stock, bond or debentures

Current as of: 2009 | Check for updates | Other versions

Sec. 9.

Consideration for issuance of stock, bonds, or income debentures. No redevelopment corporation shall issue stock, bonds or income debentures, except for money or property actually received for the use and lawful purposes of the corporation or services actually performed for the corporation.