125.990n Merger agreement.Sec. 10n. (1) Two or more business improvement zones within the same city or village may merge into a single business improvement zone if the board of each business improvement zone approves a merger agreement among the merging zones and the merger agreement also is approved by the governing body of the city or village in which the zones are located. (2) The merger agreement shall include, without limitation, a manner of selecting the board of directors of the merged business improvement zone, a zone plan for the merged business improvement zone, and a plan for establishing and collecting assessments under the merged business improvement zone. History: Add. 2013, Act 126, Imd. Eff. Oct. 9, 2013 Popular Name: Shopping Areas Redevelopment Act
Michigan Legal Code