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21 chapters · 211 sections in this title.
Mich. Comp. Laws § 331.1415 State covenants with purchasers, subsequent holders, and transferees of notes and corporation obligations.
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Sec. 415. The state covenants with the purchasers and all subsequent holders and transferees of notes and corporation obligations issued pursuant to this act, in consideration of the acceptance of and payment for such notes and corporation obligations issued pursuant to this act …
Mich. Comp. Laws § 331.1501 Financial reports and annual audits.
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Sec. 501. Each corporation and subsidiary corporation shall prepare and file with the state treasurer annual financial reports and annual audits of its financial records in accordance with the uniform budgeting and accounting act, Act No. 2 of the Public Acts of 1968, being secti…
Mich. Comp. Laws § 331.1502 Indemnification of certain persons.
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Sec. 502. (1) A corporation or subsidiary corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative, against expens…
Mich. Comp. Laws § 331.1503 Dissolution of corporation or subsidiary corporation.
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Sec. 503. (1) Any corporation which has completed the purposes for which it was organized shall be dissolved by the adoption of a resolution by the affirmative vote of 2/3 of the members serving on its board of trustees, approved by a majority of the members serving on the county…