{"data":{"id":"us-mi/mich.-comp.-laws-125.2086a","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 125.2086a","heading":"Financial aid to nonprofit corporation; powers and duties of corporation; fund as party to venture agreement; provisions of venture agreement.","body":"Sec. 86a.\n\nThe fund may provide financial aid to a nonprofit corporation which has as its only purposes the same purposes as this chapter. Except as provided in subsection (2), a corporation receiving financial aid under this section has the same powers and duties provided in this chapter.\n\nThe fund shall be made a party to a venture agreement made by a corporation receiving financial aid under this section. The venture agreement shall provide that the fund obtain royalties, rights, or other benefits from or in a targeted invention, product, device, or technique; a related or derivative invention, product, device, or technique; or other applicant revenues, which royalties, rights, or other benefits are obtained by the corporation in exchange for the granting of financial aid to an applicant.","path":["MI Code","Chapter 125","Act Act-270-of-1984"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-125-2086a","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"ceb1f652bb0fbbaad77855aa4e1a7f0d88922bc208ec2e448802d20f6974f21e","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-125.2086","next":"us-mi/mich.-comp.-laws-125.2087"},"notice":"GroundRules: Original legal text. Not legal advice."}