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Home » US Law » 2022 Michigan Compiled Laws » Chapter 390 - Universities and Colleges » Act 55 of 1994 - Confidential Research and Investment Information Act (390.1551 - 390.1557)

Section 390.1551 – Short Title.

390.1551 Short title. Sec. 1. This act shall be known and may be cited as the “confidential research and investment information act”. History: 1994, Act 55, Imd. Eff. Apr. 5, 1994 ;– Am. 2004, Act 86, Imd. Eff Apr. 22, 2004

Section 390.1552 – Definitions.

390.1552 Definitions. Sec. 2. As used in this act: (a) “Commercial information” means information regarding the purchase and sale of goods and services, including, but not limited to, information regarding marketing strategy, production data, assessments of goods and services, mineral exploration records, and compilations of data regarding commercial activity. (b) “Financial information” means information regarding […]

Section 390.1553 – Information Provided to Public University or College by Private External Source; Exemption From Disclosure; Conditions; Affirmative Duty to Notify Agencies; Applicability of Subsection (1) to Information Regarding Sold or Marketed Product or Process.

390.1553 Information provided to public university or college by private external source; exemption from disclosure; conditions; affirmative duty to notify agencies; applicability of subsection (1) to information regarding sold or marketed product or process. Sec. 3. (1) Except as otherwise provided in this section, trade secrets, commercial information, or financial information, including that information as […]

Section 390.1554 – Information in Which Interest Held, or Owned, Prepared, Used, Retained By, or in Possession of Public University or College; Exemption From Disclosure; Applicability of Subsection (1) to Information Regarding Sold or Marketed Product or Process; Applicability of MCL 390.1553(3).

390.1554 Information in which interest held, or owned, prepared, used, retained by, or in possession of public university or college; exemption from disclosure; applicability of subsection (1) to information regarding sold or marketed product or process; applicability of MCL 390.1553(3). Sec. 4. (1) Except as otherwise provided in this section, the following information in which […]

Section 390.1554a – Records Received, Prepared, Used, or Retained by Investment Fiduciary; Confidentiality.

390.1554a Records received, prepared, used, or retained by investment fiduciary; confidentiality. Sec. 4a. (1) Subject to subsection (2), a record received, prepared, used, or retained by an investment fiduciary in connection with an investment or potential investment of a public university or college that relates to investment information pertaining to a portfolio company in which […]

Section 390.1555 – Ability to Engage in Independent Projects Not Limited.

390.1555 Ability to engage in independent projects not limited. Sec. 5. This act does not limit the ability of a person employed by or under contract to a public university or college to engage in lawful projects independent of a public university or college, or prohibit such a person from disclosing information regarding those independent […]

Section 390.1557 – Response to Request for Information; Procedures.

390.1557 Response to request for information; procedures. Sec. 7. A person receiving a request under the freedom of information act, Act No. 442 of the Public Acts of 1976, being sections 15.231 to 15.246 of the Michigan Compiled Laws, for information exempt from disclosure under this act shall comply with the procedures and requirements of […]