Mich. Comp. Laws § 331.1254

Current through Public Act 57 of the 2024 Legislative Session
Section 331.1254 - Incorporation of corporation and subsidiary corporations; names

If, in accordance with sections 251 and 252, a majority of all the votes cast upon the question are in favor of establishing a corporation, the city council or village council may incorporate a corporation in order to implement or further the public purposes stated in section 102 through the exercise of all or some of the powers provided in this act. The board of trustees of a corporation may incorporate 1 or more subsidiary corporations in order to implement or further the public purposes stated in section 102 through the exercise of all or some of the powers provided in this act. The city council or village council shall adopt a suitable name for any corporation which it incorporates. The board of trustees of a corporation shall adopt a suitable name for any subsidiary corporation which it incorporates.

MCL 331.1254

Add. 1988, Act 502, Eff. 1/1/1989 .