State Codes and Statutes
Statutes > Michigan > Chapter-125 > Act-296-of-2003 > Section-125-2261MICHIGAN EARLY STAGE VENTURE INVESTMENT ACT OF 2003 (EXCERPT)
Act 296 of 2003
125.2261 Expiration of fund.
Sec. 31.
The fund created in section 19 shall expire on January 1, 2054. Any money in the fund, subject to all outstanding debts and obligation of the Michigan early stage venture investment corporation being defeased and satisfied, shall be distributed as provided in the Michigan early stage venture investment corporation's articles of incorporation or amendments to those articles of incorporation transferred to the general fund of this state on that date.
History: 2003, Act 296, Imd. Eff. Jan. 8, 2004
