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Current as of January 01, 2025 | Updated by Findlaw Staff
Sec. 11. (1) Not later than 30 days after a qualified local governmental unit receives a request to transfer a certificate, the qualified local governmental unit shall approve the transfer from the holder of the certificate and assign the certificate to a new owner or lessee of the qualified facility if all of the following conditions are met:
(a) The new owner or lessee consents to the terms of the existing certificate and all provisions of this act.
(b) All taxes on the qualified facility have been paid.
(c) The qualified facility has not permanently ceased operations.
(d) In the case of a leased qualified facility, the lessee has provided a copy of the lease agreement or other writing confirming that the lessee is liable for payment of the specific tax for the remaining length of the certificate and proof of that liability.
(2) A qualified local governmental unit shall notify the commission of a transfer under this section not later than 30 days after approval of the transfer.
Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 211. Taxation of Real and Personal Property § 211.1161 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-211-taxation-of-real-and-personal-property/mi-comp-laws-211-1161/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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