There is a newer version of the Michigan Compiled Laws
2012 Michigan Compiled Laws
Chapter 125 — PLANNING, HOUSING, AND ZONING
Act 75 of 1995 — EMPOWERMENT ZONE DEVELOPMENT CORPORATION ACT (125.2561 - 125.2591)
Section 125.2577 — Disclosure of interest in matter before corporation.
MI Comp L § 125.2577 (2012 through Reg Sess) What's This?
EMPOWERMENT ZONE DEVELOPMENT CORPORATION ACT (EXCERPT)
Act 75 of 1995
125.2577 Disclosure of interest in matter before corporation.
Sec. 17.
A director who has either a direct or indirect interest in a matter before the corporation shall disclose that interest before the corporation takes action on the matter. This disclosure shall be made a part of the record of the corporation's official proceedings and the interested director shall refrain from participation in the corporation relating to the matter.
History: 1995, Act 75, Imd. Eff. June 13, 1995
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