Mich. Comp. Laws § 450.1251

Current through Public Act 35 of the 2024 Legislative Session
Section 450.1251 - Formation of corporation for lawful purpose; exception; aiding national emergency
(1) A corporation may be formed under this act for any lawful purpose, except to engage in a business for which a corporation may be formed under any other statute of this state unless that statute permits formation under this act.
(2) In time of war or other national emergency, a corporation may take any lawful action to provide aid, notwithstanding the purposes set forth in its articles of incorporation, at the request or direction of a competent governmental authority.

MCL 450.1251

1972, Act 284, eff. 1/1/1973 ;--Am. 1989, Act 121, eff. 10/1/1989 ;--Am. 1993, Act 91, eff. 10/1/1993 .