NONPROFIT CORPORATION ACT

Section 450.2101 - Short title
Section 450.2103 - Construction and application of act
Section 450.2104 - Definitions generally
Section 450.2105 - Definitions; A, B
Section 450.2106 - Definitions; C to E
Section 450.2107 - Definitions; F
Section 450.2108 - Definitions; M to P
Section 450.2109 - Definitions; S
Section 450.2110 - Definitions; V
Section 450.2121 - Corporations to which act applicable; corporation formed under predecessor act
Section 450.2122 - Statutory reference to repealed act as reference to this act; statutes inapplicable to domestic corporation; uniform voidable transactions act inapplicable to distributions
Section 450.2123 - Applicability to corporation formed under other act not repealed by this act; organizations to which act inapplicable
Section 450.2124 - Requirements of other acts not modified; compliance; inconsistency between acts
Section 450.2125 - Applicability to commerce with foreign nations and among several states, and to corporations formed by act of congress
Section 450.2127 - Effect of act on existing corporation, cause of action, liability, penalty, action, or special proceeding
Section 450.2129 - Supplementation, alteration, amendment, or repeal of act by legislature
Section 450.2131 - Submission of documents; delivery; endorsement; indexing; returning copy or original; public inspection; maintenance of records and files; reproductions; effective date of document; fees
Section 450.2132 - English language; signatures; contents of documents
Section 450.2133 - Correction of document; certificate; effective date of corrected document
Section 450.2141 - Taking action without notice and without lapse of prescribed period of time; waiver
Section 450.2142 - Dispensing with notice or communication to person with whom communication unlawful; affidavit, certificate, or other instrument
Section 450.2143 - Giving notice or communication by mail; electronic transmission as written notice; delivery of notice or documents to common address; delivery of notice to resident agent; "address" defined
Section 450.2151 - Failure of administrator to file document promptly; notice of failure to file; posting notice on website or sending by mail or electronic mail address; refusal or revocation of authorization of foreign corporation to conduct affairs in state; judicial review
Section 450.2201 - Incorporators; signing and filing articles of incorporation
Section 450.2202 - Articles of incorporation; contents
Section 450.2204 - Articles of incorporation; provision pertaining to proposed compromise or arrangement or reorganization between corporation and creditors or shareholders
Section 450.2205 - Articles of incorporation; including provision of MCL 450.2204; effect on creditors, shareholders, or members of corporation; administration and enforcement of provision by circuit court; restraining actions and proceedings against corporation; appointment and powers of temporary receiver
Section 450.2209 - Articles of incorporation; additional provisions; liability of director or volunteer officer
Section 450.2212 - Corporate name
Section 450.2213 - Assuming name that implies corporation is banking corporation, insurance or surety company, or trust company prohibited
Section 450.2215 - Reservation of right to use corporate name; application; duration; expiration; transfer of right to exclusive use of reserved corporate name
Section 450.2217 - Conduct of affairs under assumed name or names other than corporate name; certificate of assumed name; duration; extensions; notification of impending expiration; enterprises participating together in partnership or joint venture; transfer or use of assumed name in merger or conversion
Section 450.2221 - Corporate existence to begin on effective date of articles of incorporation; filing as conclusive evidence that conditions precedent fulfilled and corporation formed; exception
Section 450.2223 - Selection of board and adoption of bylaws; first meeting; notice; quorum; transaction of business
Section 450.2231 - Bylaws; adoption; amendment or repeal; contents
Section 450.2241 - Registered office; resident agent
Section 450.2242 - Change of registered office or resident agent; statement
Section 450.2243 - Resident agent; resignation; notice; appointment of successor; termination of appointment of resigning resident agent; registered office of corporation
Section 450.2246 - Resident agent; service of process, notice, or demand; resident agent as agent of director or officer in certain action; forwarding process to director or officer; electronic transmission of notice
Section 450.2251 - Corporate purposes; conduct of lawful activities during war or national emergency
Section 450.2261 - Corporate powers; inconsistency between certain acts; corporate existence in perpetuity; fixed limitation or term; waiver of right to perpetual existence; nonprofit power corporation; public school academy; providing services in learned profession; personal liability and accountability for negligent or wrongful acts or misconduct; indemnification
Section 450.2262 - Existing incorporated association or society operating as corporation subject to act; payment of death or sick benefits; reserves; rules; investment of funds securing reserves; statement required of evidence of obligation to pay death and sick benefits
Section 450.2271 - Act of corporation and transfer of property to or by corporation not invalid where corporation without capacity or power; assertion of lack of capacity or power
Section 450.2275 - Agreement to pay rate of interest in excess of legal rate; defense of usury prohibited
Section 450.2301 - Payment or distribution of assets, income, or profit; conferring benefits on shareholders or members; transfer of money or property to or for benefit of directors or officers; dividends or distributions to shareholders or members; corporation charging fees or prices for services or products; use, conveyance, or distribution of assets held by corporation for noncharitable purposes; prohibition
Section 450.2302 - Corporation organized upon nonstock basis
Section 450.2303 - Corporation organized on stock basis; issuance of shares authorized in articles of incorporation; rules of qualification and government of shareholders
Section 450.2303a - Corporation board organized on stock basis; amendment of articles of incorporation deleting reference to par value
Section 450.2303b - Conversion of shares into shares of any class or bonds; conversion of bonds into other bonds or shares; authorization of board to increase authorized shares
Section 450.2303c - Issuance of bonds convertible into shares or shares convertible into other shares of corporation; condition; cancellation of converted bonds; restoration of converted shares
Section 450.2303d - Shares redeemable in cash, bonds, securities, or other property; prices and conditions
Section 450.2304 - Corporation organized on membership basis; provisions of articles or bylaws; rights, preferences, and limitations of or on members; classes of members; voting rights; condominium association; homeowners or property owners association; transferability and termination of membership; rules of qualification and government; limitations on membership
Section 450.2305 - Corporation organized on directorship basis; members; voting; matters subject to action by board of directors
Section 450.2307 - Subscription for shares or membership; enforceability; irrevocability; acceptance; consent to revocation; subscription agreement
Section 450.2308 - Subscription for shares or membership; payment; installments; call for payment ratable; retention of security interest as security for performance by subscriber
Section 450.2309 - Default in payment of amount due under subscription agreement; rights and duties of corporation; limiting and adding to rights and remedies of corporation
Section 450.2310 - Rescission of subscription under which part of shares issued and in which security interest retained as cancellation of shares
Section 450.2311 - Fees or dues required as condition of shareholding or membership; fixing; enforcement
Section 450.2312 - [Repealed]
Section 450.2313 - Corporation, foreign corporation, business corporation, foreign business corporation, limited liability company, unincorporated association, partnership, or other person as shareholder or member; officers and directors as director of corporation; rights, powers, privileges, and liabilities of shareholders or members
Section 450.2314 - Corporation organized on stock basis; issuance of shares; powers
Section 450.2315 - [Repealed]
Section 450.2317 - Person purchasing shares of corporation; person holding stock or membership in fiduciary or representative capacity; person becoming assignee, transferee, or pledgee of shares or membership; liability
Section 450.2327 - Charges and expenses of organization or reorganization; sale or underwriting expenses and compensation; payment or allowance
Section 450.2331 - Representation of shares by certificates; signatures of officers; seal; facsimiles
Section 450.2332 - Certificate representing shares; required statements
Section 450.2334 - Lost or destroyed certificate; issuance of new certificate; bond
Section 450.2336 - Authorization of shares without certificates
Section 450.2338 - Issuing fractions of shares; powers of corporation; providing opportunity to purchase additional fractions of share or scrip
Section 450.2341a - Issuance of shares pro rata and without consideration; issuance of shares as share dividend; "share dividend" defined
Section 450.2343 - Preemptive right of shareholder of corporation organized on stock basis to acquire unissued shares; extent; statement; principles; "shares" defined
Section 450.2344 - Acquisition of own shares or memberships; amendment of articles of incorporation
Section 450.2345 - Distributions to shareholders or members
Section 450.2361 - [Repealed]
Section 450.2363 - [Repealed]
Section 450.2365 - [Repealed]
Section 450.2371 - [Repealed]
Section 450.2391 - Conferring voting and inspection rights upon bond holders; signatures of officers
Section 450.2392 - Applicability of chapter to distributions made in dissolution under chapter 8
Section 450.2401 - Meetings of shareholders or members; location
Section 450.2402 - Annual meeting of shareholders or members for election of directors and conduct other business; failure to hold meeting at designated time or elect sufficient number of directors; adjournment of meeting; court order to hold meeting or election; quorum
Section 450.2403 - Special meeting of shareholders or members; court order; quorum
Section 450.2404 - Notice of time, place, and purposes of meeting of shareholders or members; manner; contents; notice of adjourned meeting; notice not given; attendance at meeting; participating and voting by remote communication; meeting without notice
Section 450.2405 - Shareholder, member, or proxy holder participation in meeting by conference telephone or other means of remote communication; conditions; participation as presence in person at meeting; participating and voting by remote communication
Section 450.2406 - Chairperson presiding at meeting of shareholders or members; powers, duties, and authority
Section 450.2406a - Notice by electronic transmission
Section 450.2407 - Taking corporate action without meeting; consent; notice; statement on filed certificate; consent by electronic transmission; delivery
Section 450.2408 - Taking corporate action without meeting; shareholder or member action by ballot; requirements; revocation of ballot; inclusion of proposed action in ballot; statement of certificate
Section 450.2409 - Taking corporate action without meeting; voting by shareholder or member at polling place; accessibility; requirements; revocation of ballot; inclusion of proposed action in ballot; statement on certificate
Section 450.2411 - [Repealed]
Section 450.2412 - Record date
Section 450.2413 - Making and certifying list of shareholders or members entitled to vote at meeting or adjournment; requirements; noncompliance; adjournment of meeting; validity of action taken
Section 450.2415 - Quorum; continuing conduct of business if less than quorum; adjournment of meeting; shareholders entitled to vote separately
Section 450.2421 - Authorizing person to act for shareholder or member by proxy; election of directors by proxy; validity; revocability; methods of granting authority; use of copy, facsimile, or reproduction
Section 450.2422 - Irrevocable proxy
Section 450.2423 - Revocability of proxy
Section 450.2431 - Inspectors at shareholders' or members' meeting; waiver; appointment and duties; failure to appoint; vacancy; report; evidence
Section 450.2432 - Beneficial owner of shares or memberships registered in name of nominee; recognition by corporation as shareholder or member; procedure
Section 450.2441 - Voting generally
Section 450.2442 - Voting as class
Section 450.2443 - Grouping of members in local units; basis; purpose; actions authorized by bylaws; incorporation and powers of local units; powers, rights, and privileges of elected representatives or delegates
Section 450.2444 - Voting by corporation or business corporation; voting of pledged shares
Section 450.2445 - Voting of shares or membership held by person in representative or fiduciary capacity or held jointly by fiduciaries
Section 450.2446 - Voting of shares or membership held by joint tenants or tenants in common
Section 450.2447 - [Repealed]
Section 450.2447a - Voting of shares or memberships if owned by another corporation or business corporation
Section 450.2448 - Redemption of shares; voting
Section 450.2451 - Voting for directors
Section 450.2455 - Action requiring vote or concurrence of greater proportion of shares, members, or class than required by act; amendment of articles of incorporation
Section 450.2461 - Agreement as to voting rights
Section 450.2466 - Transfer of shares or membership to trustee; filing of voting rights agreement; voting and other rights of trustee; inspection of filed copy of voting trust agreement; description of beneficial interests
Section 450.2467 - Shares or memberships subject to voting trust; liability of trustee; designation of 2 or more persons as voting trustees
Section 450.2468 - Extension of voting trust agreement
Section 450.2471 - Shares as personal property; transfer; applicability of MCL 440.8101 to 440.8601
Section 450.2472 - Transfer or registration of bond, share, or membership; written restriction
Section 450.2473 - Transfer or registration of bond, share, or membership; imposition of restrictions; conditions
Section 450.2481 - [Repealed]
Section 450.2485 - Books, records, and minutes
Section 450.2487 - Mailing balance sheet and statements to shareholder or member upon request; inspection during regular business hours; written demand; "proper purpose" defined; order compelling inspection; burden of proof; powers of court; inspection by director; costs; holder of voting trust certificate as shareholder or member; right to inspect prohibited or limited; definitions
Section 450.2488 - Agreement among members of corporation
Section 450.2489 - Court action that certain acts illegal, fraudulent, or willfully unfair and oppressive; order or relief; "willfully unfair and oppressive conduct" defined
Section 450.2491 - [Repealed]
Section 450.2491a - Definitions
Section 450.2492 - [Repealed]
Section 450.2492a - Derivate proceeding; criteria to be met by shareholder or member
Section 450.2493 - [Repealed]
Section 450.2493a - Derivative proceeding; commencement
Section 450.2494 - Derivative proceeding; investigation; issuance of stay
Section 450.2495 - Derivative proceeding; dismissal
Section 450.2496 - Derivative proceeding; discontinuance or settlement; court approval required
Section 450.2497 - Derivative proceeding; termination
Section 450.2501 - Board of directors; management of business and affairs of corporation; qualifications; powers
Section 450.2501a - Board of directors; minimum age; requirements
Section 450.2505 - Board; number, term, election or appointment, and resignation of directors
Section 450.2506 - Dividing directors up to 5 classes; election or appointment; term; expiration
Section 450.2511 - Removal of director; vote
Section 450.2514 - Removal of director by circuit court
Section 450.2515 - [Repealed]
Section 450.2515a - Vacancy
Section 450.2521 - Regular or special meetings of board; location; notice; attendance or participation as waiver of notice; participation by means of conference telephone or other remote communication
Section 450.2523 - Quorum; vote constituting action of board or committee; amendment of bylaws
Section 450.2525 - Taking action without meeting; consent
Section 450.2527 - Designation of committees; membership; alternates; absent or disqualified member; providing for election or appointment of committees in articles or bylaws
Section 450.2528 - Executive committee designated under MCL 450.2527(1) or (3); powers and authority; subcommittees
Section 450.2529 - Submitting matter to vote
Section 450.2531 - Officers of corporation; membership; election or appointment; individual holding 2 or more offices; term of office; authority and duties
Section 450.2535 - Removal of officer; suspension of authority to act; contract rights; resignation of officer; notice
Section 450.2541 - Director or officer; discharge of duties; manner; reliance on certain information; compliance; liability; claim for monetary damages for breach of volunteer director's duty; commencement of action
Section 450.2545 - [Repealed]
Section 450.2545a - Transaction in which director or officer has interest
Section 450.2546 - [Repealed]
Section 450.2548 - Loan, guaranty, or assistance by corporation for officer or employee
Section 450.2551 - Liability of directors for certain corporate actions; liability of shareholder or member accepting or receiving distribution contrary to act
Section 450.2552 - Rights of director against whom claim successfully asserted under MCL 450.2551
Section 450.2553 - Presence or absence of director at meeting at which action under MCL 450.2551 taken; presumption; dissent
Section 450.2554 - Commencement of action under MCL 450.2551 or 450.2552
Section 450.2556 - Volunteer's acts or omissions; claim for monetary damages
Section 450.2561 - Indemnification of director, officer, partner, trustee, employee, nondirector volunteer, or agent in connection with action, suit, or proceeding; conditions; presumption
Section 450.2562 - Indemnification against expenses of director, officer, partner, trustee, employee, nondirector volunteer, or agent in connection with action or suit by or in right of corporation; conditions; limitations
Section 450.2563 - Indemnification for expenses of director, officer, or nondirector volunteer successful in defense of action, suit, or proceeding referred to in MCL 450.2561 or 450.2562
Section 450.2564 - [Repealed]
Section 450.2564a - Indemnification of director, officer, employee, nondirector volunteer, or agent under MCL 450.2561 or 450.2562; authorization; basis; determination; evaluation; designation of committee or selection of legal counsel; indemnification for portion of expenses; payment; indemnification of director for expenses and liabilities
Section 450.2564b - Expenses incurred by director, officer, employee, nondirector volunteer, or agent; reimbursement; agreement; advances
Section 450.2564c - Indemnification of director, officer, employee, nondirector volunteer, or agent; application to court; determination
Section 450.2565 - Indemnification or advance of expenses not exclusive of other rights; limitation; continuation; amended provision
Section 450.2567 - Purchase and maintenance of insurance on behalf of director, officer, employee, nondirector volunteer, or agent
Section 450.2569 - Scope of "corporation" for purposes of MCL 450.2561 to 450.2567
Section 450.2571 - Definitions
Section 450.2601 - Amendment of articles of incorporation; contents
Section 450.2602 - Amendment of articles of incorporation; purposes
Section 450.2611 - Amendment of articles by incorporation; amendment without shareholder or member action; manner of adoption; notice of meeting; vote on proposed amendment; requirements; adoption; number of amendments acted upon at 1 meeting; certificate of amendment
Section 450.2615 - Voting as class on proposed amendment
Section 450.2631 - Certificate of amendment; signing and execution; filing; contents
Section 450.2641 - Integrating provisions of articles into single instrument; adoption of restated articles of incorporation; adoption before first meeting; amendments subject to other provisions of act
Section 450.2642 - Restated articles of incorporation; heading or introductory paragraph; designation; required statements; omitted provisions
Section 450.2643 - Restated articles of incorporation; signing, filing, and executing; effect
Section 450.2651 - Abandonment of amendment; certificate
Section 450.2701 - Merger of domestic corporations; plan; contents; distributions
Section 450.2703 - [Repealed]
Section 450.2703a - Plan of merger; approval
Section 450.2706 - Merger of domestic corporation with domestic or foreign corporation; conditions; consent; execution of certificate of merger; participation of other corporations
Section 450.2707 - Certificate of merger; signing and filing; contents; determining effectiveness
Section 450.2711 - Merger of domestic corporation with subsidiary corporation; approval of plan of merger; mailing copy of plan to minority shareholder or member of record; other provisions; definitions
Section 450.2712 - Certificate of merger; execution and filing of certificate of merger by parent company; determination of effective date
Section 450.2713 - Subsidiary corporation as constituent corporation in merger; approval of shareholders or members
Section 450.2721 - [Repealed]
Section 450.2722 - [Repealed]
Section 450.2723 - [Repealed]
Section 450.2724 - Merger other than under MCL 450.2736a
Section 450.2731 - [Repealed]
Section 450.2732 - [Repealed]
Section 450.2735 - Merger of domestic business corporation, foreign corporation, or foreign business corporation with domestic corporation; surviving corporation; compliance; liability for enforcement of obligation; acquisition of shares or memberships through voluntary exchange; distributions
Section 450.2736 - [Repealed]
Section 450.2736a - Merger of domestic corporations with business organizations; requirements; merger of domestic corporation with domestic or foreign entity; consent; executing and filing certificate of merger; contents; effect of merger; surviving entity; liability for enforcement of obligation; distributions; applicability of MCL 450.2735; definitions
Section 450.2737 - [Repealed]
Section 450.2741 - Abandonment of merger; procedure; certificate of abandonment
Section 450.2745 - Conversion of domestic corporation into business organization; requirements; effect; surviving business organization; liability for certain obligation; distributions; "business organization" and "entity" defined
Section 450.2746 - Conversion of business organization into domestic corporation; requirements; effectiveness of certificate of conversion; surviving domestic corporation
Section 450.2751 - Actions by corporation; terms and conditions; consideration; "consideration" defined
Section 450.2753 - Disposition of property and assets of corporation; disposal of all or substantially all of property; presumption that corporation retains significant continuing business activity; "consideration" defined; recommendation of proposed transaction; exceptions; submission to shareholders or members; approval; notice of meeting; statement; authorization; fixing term or condition and consideration; voting; abandonment; distribution
Section 450.2754 - Merger or acquisition under MCL 2703a(2); right of shareholders or members to receive notice and vote
Section 450.2801 - Dissolution of corporation; methods; summary dissolution of corporation whose assets disposed of under court order in receivership or bankruptcy proceedings; filing copy of order with administrator
Section 450.2803 - Dissolution of corporation by action of incorporators or directors; conditions; certificate of dissolution
Section 450.2804 - Dissolution of corporation by action of shareholders or members; recommendation; exceptions; approval or authorization; notice; voting; certificate
Section 450.2805 - Dissolution under agreement under MCL 450.2488; effectiveness
Section 450.2811 - Revocation of dissolution proceedings; filing and execution of certificate; additional manner of revocation
Section 450.2815 - Renewal of corporate existence
Section 450.2817 - Effect of filing certificate of revocation of dissolution or renewal of corporate existence; accrued penalty or liability; adoption of corporate name; rights
Section 450.2821 - Action by attorney general for dissolution of corporation; grounds; other actions
Section 450.2823 - Dissolution of corporation by judgment in action brought in court; proof; action for dissolution of charitable purpose corporation
Section 450.2825 - [Repealed]
Section 450.2831 - Dissolution of corporation; conditions
Section 450.2833 - Dissolved corporation; continuation of corporate existence; conduct of affairs
Section 450.2834 - Dissolved corporation and officers, directors, shareholders, and members; manner of functioning
Section 450.2841 - [Repealed]
Section 450.2841a - Written notice to claimants of dissolved corporation
Section 450.2842 - [Repealed]
Section 450.2842a - Publication of notice of dissolved corporation
Section 450.2843 - [Repealed]
Section 450.2851 - Application for judgment that affairs of corporation and liquidation of assets continue under supervision of court; orders and judgments; permitting creditor to file claim or commence proceeding
Section 450.2855 - Dissolution of corporation; applicable provisions
Section 450.2861 - Plan of reorganization; action by directors, shareholders, or members not required to put plan into effect
Section 450.2862 - Powers of corporation under reorganization; issuing shares of capital stock and bonds for consideration specified in plan of reorganization
Section 450.2863 - Document filed or recorded to accomplish corporate purpose pursuant to plan of reorganization; making, execution, and acknowledgment; contents; filing
Section 450.2864 - Reversal or vacation of reorganization plan; filing of other or further certificates or documents; effect; fees
Section 450.2901 - Report of domestic corporation; contents; electronic transmission; distribution to shareholder, member, or director
Section 450.2911 - Annual report to administrator; filing; contents
Section 450.2913 - Destruction or disposal of certain records
Section 450.2915 - [Repealed]
Section 450.2922 - Failure of domestic or foreign corporation to file annual report or pay filing fee or penalty; automatic dissolution or revocation of certificate of authority; dissolution of charitable purpose corporation; notice; right to certificate of good standing; electronic transmission of notification
Section 450.2923 - Extension of time for filing report; reporting failure or neglect under MCL 450.2922, 450.2931, or 450.2932; action by attorney general; notice; electronic transmission
Section 450.2924 - Annual reports due or deficient prior to date of act; penalties
Section 450.2925 - Renewal of corporate existence or certificate of authority following dissolution or revocation
Section 450.2931 - Wilful false statement in report; additional penalty
Section 450.2932 - Prohibited conduct as misdemeanor; fine
Section 450.2935 - [Repealed]
Section 450.3001 - Foreign corporation authorized to conduct affairs in this state on January 1, 1983; rights and privileges; duties, restrictions, penalties, and liabilities
Section 450.3002 - Foreign corporation receiving certificate of authority under act; rights and privileges; duties, restrictions, penalties, and liabilities
Section 450.3003 - Foreign corporation conducting affairs without certificate of authority; duties, restrictions, penalties, and liabilities
Section 450.3011 - Foreign corporation; certificate of authority required; extent of authorization to conduct affairs in state
Section 450.3012 - Foreign corporation not considered to be conducting affairs in state; activities; applicability of section
Section 450.3013 - Acquisition of federally insured or guaranteed loan by foreign corporation
Section 450.3015 - Application of foreign corporation for certificate of authority to conduct affairs in state; contents
Section 450.3016 - Application of foreign corporation to conduct affairs in state; certificate; attachment; fees; issuance of certificate; duration of authority
Section 450.3021 - Foreign corporation authorized to conduct affairs in state; filing with administrator copy of amended application; contents; survivor of merger or conversion
Section 450.3031 - Foreign corporation authorized to conduct affairs in state; withdrawal; certificate; application
Section 450.3032 - Issuance of certificate of withdrawal to foreign corporation; conditions; effect
Section 450.3035 - Foreign corporation authorized to conduct affairs in state; dissolution; termination or cancellation of authority or existence; merger, conversion, or consolidation; filing information, certificate, order, or judgment with administrator; payment of fees; certificate of withdrawal
Section 450.3041 - Revocation of certificate of authority of foreign corporation to conduct affairs in state; grounds
Section 450.3042 - Revocation of certificate of authority of foreign corporation to conduct affairs in state; notice of default; certificate of revocation; force and effect
Section 450.3051 - Action commenced by foreign corporation without certificate of authority prohibited; order of dismissal; effect of failure to obtain certificate of authority on validity of contract and act of corporation; defense of action or proceeding
Section 450.3055 - Foreign corporation conducting affairs in state without certificate of authority; penalty
Section 450.3060 - Fees; payment; certification of file or record; waiver; form of payment
Section 450.3061 - Fee for privilege of exercising franchises in state
Section 450.3098 - Repeal of acts and parts of acts
Section 450.3099 - Effective date of act
Section 450.3100 - Short title
Section 450.3101 - Applicability of act and chapter; amendment of articles or bylaws; exemption
Section 450.3102 - Controlling definitions
Section 450.3103 - Definitions; C to F
Section 450.3104 - Definitions; I to U
Section 450.3107 - Inconsistent provisions inapplicable to chapter
Section 450.3109 - Requirements of MCL 460.1 et seq. not modified; effect of economic activity conducted by cooperative
Section 450.3121 - Articles of incorporation; requirement
Section 450.3123 - Use of term "cooperative,""co-op,""consumer cooperative," or any variation thereof
Section 450.3125 - Adoption of initial bylaws; ratification or amendment; contents of bylaws
Section 450.3131 - Organization on nonstock membership basis
Section 450.3132 - Membership; notice of qualifications
Section 450.3133 - Classification
Section 450.3134 - Cooperative organized on member capital basis, member fee basis, or basis combining member capital and membership fee; powers
Section 450.3135 - Net savings; determination, allocation, distribution, and use; apportionment of losses
Section 450.3136 - Certificate; issuance; contents; restrictions on dividends
Section 450.3137 - Nonvoting investment certificate or bond
Section 450.3138 - Advising persons in writing; statement on membership certificate
Section 450.3139 - Redemption of member capital; failure to patronize cooperative; notice of redemption; failure to respond and claim payment; failure to claim refunds of patronage capital, deposits, and fees; failure of nonmember patron to pay in or accumulate full member capital or comply with bylaws
Section 450.3141 - Meetings; petitions; signatures; quorum
Section 450.3143 - Alternative notice of regular meeting
Section 450.3144 - Proxies; voting by mail ballot, referendum, or electronic transmission
Section 450.3145 - Amendments; affirmative vote of majority
Section 450.3146 - Effective date of adopted action; confirmation vote; filing with administrator
Section 450.3147 - Dispute resolution body
Section 450.3148 - Purchase or sale under execution, in course of bankruptcy, or by legal process or operation of law; pledge of certificate; assignment of proprietary lease or other agreement
Section 450.3149 - Books for recording operations; annual report, balance sheet, and income statement; certified report of condition; copies of reports; mailings at request and expense of member; notice of member's desire to be contacted by other members regarding proposal
Section 450.3151 - Initial board of directors; membership; term
Section 450.3152 - Board of directors; election or appointment other than by vote of membership
Section 450.3153 - Affiliation with another organization; section inapplicable to allocations of net savings
Section 450.3161 - Amendment to articles of incorporation; calling special meeting; consideration of proposed amendment
Section 450.3162 - Distribution of assets generally
Section 450.3183 - Distribution of assets upon dissolution; distribution of assets held for charitable or similar purpose; redemption of investment certificates
Section 450.3191 - Foreign cooperative
Section 450.3192 - Election by corporation to accept act and chapter; procedure; effect of filing certificate of election