2006 Michigan Compiled Laws - CHAPTER 2 (450.2201...450.2275)

NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982
Chapter 2


DocumentDescription
Section 450.2201Incorporators; signing and filing articles of incorporation.
Section 450.2202Articles of incorporation; contents.
Section 450.2204Articles of incorporation; provision pertaining to proposed compromise or arrangement or reorganization between corporation and creditors or shareholders.
Section 450.2205Articles of incorporation; including provision of § 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 450.2209Articles of incorporation; additional provisions.
Section 450.2212Corporate name.
Section 450.2213Assuming name that implies corporation is banking corporation, insurance or surety company, or trust company prohibited.
Section 450.2215Reservation of right to use corporate name; application; duration; expiration; extension; transfer of right to exclusive use of reserved corporate name.
Section 450.2217Conduct of affairs under assumed name or names other than corporate name; assumption of same name by 2 or more corporations participating in partnership or joint venture; certificate of assumed name; duration; extensions; notification of impending expiration; substantive rights to use of assumed name not created.
Section 450.2221Corporate existence to begin on effective date of articles; filing as conclusive evidence that conditions precedent fulfilled and corporation organized; exception.
Section 450.2223Selection of board and adoption of bylaws; first meeting; notice; quorum; transaction of business.
Section 450.2231Bylaws; adoption; amendment or repeal; contents.
Section 450.2241Registered office; resident agent.
Section 450.2242Change of registered office or resident agent; statement.
Section 450.2243Resident agent; resignation; notice; appointment of successor; termination of appointment of resigning agent.
Section 450.2246Resident agent; service of process, notice, or demand; resident agent as agent of director or officer in certain actions; forwarding process to director or officer.
Section 450.2251Corporate purposes; conduct of lawful activities during war or national emergency.
Section 450.2261Corporate powers; duration of existence of certain corporations incorporated before effective date of act; fixed limitation or term; waiver of right to perpetual existence; nonprofit power corporation.
Section 450.2262Existing 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 450.2271Act 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 450.2275Agreement to pay rate of interest in excess of legal rate; defense of usury prohibited.

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