Mich. Comp. Laws § 550.1311

Current through Public Act 57 of the 2024 Legislative Session
Section 550.1311 - Liability for misapplication or misuse of corporate money or property

Each director or officer of a health care corporation shall be individually liable for the misapplication or misuse of corporate money or property caused through the neglect or failure of that director or officer to discharge his or her duties in compliance with the standards prescribed in section 310, or through wilful violation of this act or other laws governing the health care corporation.

MCL 550.1311

1980, Act 350, Eff. 4/3/1981.