STATE STATUTES & CODES
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MICHIGAN STATUTES AND CODES
Section 125.2071 - Definitions.
Act 270 of 1984
125.2071 Definitions.
Sec. 71.
As used in this chapter:
(a) “Economic development fund” means that fund to which the fund succeeded in ownership pursuant to section 22.
(b) “Research and development enterprise” means any person found by the fund to be engaged in a business which has as its principal function the discovery of new substances and the refinement of known substances, processes, products, theories, and ideas, except for those persons whose businesses are directed primarily to the accumulation or analysis of commercial, financial, or mercantile data.
(c) “Research center fund” means that fund created by section 27 of Act No. 70 of the Public Acts of 1982, being section 125.1927 of the Michigan Compiled Laws, to which the fund succeeds in ownership pursuant to section 76.
History: 1984, Act 270, Eff. Mar. 29, 1985
Popular Name: Strategic Fund