Go To Top capitol dome
Michigan Legislature
Michigan Compiled Laws Complete Through PA 19 of 2024
House: Adjourned until Tuesday, April 9, 2024 1:30:00 PM
Senate: Adjourned until Tuesday, April 9, 2024 10:00:00 AM


Updated website coming soon!

Michigan Legislature

Main Content

Act 123 of 1995
Search within this Statute for


ENTERPRISE COMMUNITY DEVELOPMENT CORPORATION ACT

Act 123 of 1995

AN ACT to provide for the authorization of municipalities of this state to create an enterprise community development corporation; to facilitate the implementation of strategic plans relating to the designation and treatment of enterprise communities; to stimulate the creation of new jobs for the disadvantaged and long-term unemployed; to promote revitalization of economically distressed areas; to prescribe the powers and duties of enterprise community development corporations; to provide for the creation of neighborhood review panels; and to provide for the condemnation and transfer of public and private property to carry out the purposes of this act.


History: 1995, Act 123, Imd. Eff. June 30, 1995




The People of the State of Michigan enact:

DocumentTypeDescription
Section 125.2601SectionShort title.
Section 125.2603SectionLegislative findings.
Section 125.2605SectionDefinitions.
Section 125.2607SectionEnterprise community development corporation; application for incorporation; notice; public hearing; process for approving articles of incorporation and bylaws.
Section 125.2609SectionArticles of incorporation; filing; validity.
Section 125.2611SectionIncorporation of more than 1 corporation prohibited.
Section 125.2613SectionBoard of directors; determination of size and composition by ordinance; appointment; removal; qualifications, selection, vacancy, number, and demographic diversity of members; executive committee; neighborhood review panel; employment of executive director and staff.
Section 125.2615SectionBoard of directors; appointment; terms; expiration of term; compensation and expenses.
Section 125.2617SectionDisclosure of interest in matter before corporation.
Section 125.2619SectionBoard of directors; quorum.
Section 125.2621SectionCorporation; powers and duties.
Section 125.2623SectionCorporation; dissolution.
Section 125.2625SectionImposition of sanctions; basis; approval.
Section 125.2627SectionProceedings under powers of eminent domain; taking and transfer of property; terms and conditions.
Section 125.2629SectionConstruction of act.
Section 125.2631SectionAuthority of act in addition to power of municipality.
up icon