{"data":{"id":"us-mi/mich.-comp.-laws-125.2259","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 125.2259","heading":"Actions required.","body":"Sec. 29.\n\nNot later than 1 year after the effective date of this act or 10 months after the Michigan early stage venture investment corporation receives a determination from the internal revenue service that it is exempt from taxation under section 501(c)(3) or 501(c)(4) of the internal revenue code, whichever occurs later, all of the following shall occur:\n\nThe Michigan early stage venture investment corporation shall be established and the board appointed.\n\nA fund manager shall be hired by the Michigan early stage venture investment corporation.\n\nAn investment plan shall be established.\n\nFunds shall have been solicited and available for investment consistent with the investment plan.","path":["MI Code","Chapter 125","Act Act-296-of-2003"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-125-2259","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"6d7770cb512368aa9423f0f1da9acf6e9511086c5ee6de4fe8e581ff45084a9e","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-125.2257","next":"us-mi/mich.-comp.-laws-125.2261"},"notice":"GroundRules: Original legal text. Not legal advice."}