{"data":{"id":"us-mi/mich.-comp.-laws-125.909","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 125.909","heading":"Consideration for issuance of stock, bond or debentures.","body":"Sec. 9.\n\nConsideration 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.","path":["MI Code","Chapter 125","Act Act-250-of-1941"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-125-909","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"ba2a3f51fe5ef5f34f61840e04b7ab1464a107ae64b9c6ca8a83cca4f6c2a5a9","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-125.908","next":"us-mi/mich.-comp.-laws-125.910"},"notice":"GroundRules: Original legal text. Not legal advice."}