Section 125.2067 - Independent program audit.
MICHIGAN STRATEGIC FUND ACT (EXCERPT)
Act 270 of 1984
125.2067 Independent program audit.
Sec. 67.
A certified minority venture capital company and a certified MESBIC shall have an independent program audit annually performed by a certified public accountant. The fund may visit and examine a certified minority venture capital company or a certified MESBIC and may delegate the authority to visit and examine to the commissioner of the financial institutions bureau.
History: 1984, Act 270, Eff. Mar. 29, 1985
Popular Name: Strategic Fund