{"data":{"id":"us-mi/mich.-comp.-laws-390.1576","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 390.1576","heading":"Acquiring, holding, and disposing funds and property.","body":"Sec. 6.\n\nA registered distance learning corporation shall acquire, hold, and dispose of its funds and property only for the lawful purposes of the corporation and for the benefit of the public. A registered distance learning corporation shall conduct its activities, including acquiring, holding, and disposing of funds and property, in a manner within the scope of the purposes of the corporation as specifically set forth in its articles and consistent with this act.","path":["MI Code","Chapter 390","Act Act-36-of-2002"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-390-1576","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"dd7dc63eaa35e0e82949f50625fc7707d4fd0a39d1c677b19a68dc12c9918caf","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-390.1575","next":"us-mi/mich.-comp.-laws-390.1577"},"notice":"GroundRules: Original legal text. Not legal advice."}