2006 Michigan Compiled Laws - Mich. Comp. Laws § 450.2123 Applicability to corporation organized under other act not repealed by this act; organizations to which act inapplicable.
|
Act 162 of 1982 450.2123 Applicability to corporation organized under other act not repealed by this act; organizations to which act inapplicable. Sec. 123. (1) Unless otherwise provided in, and to the extent not inconsistent with, the act under which a corporation is or has been formed, this act applies to a corporation which is or has been organized under an act other than this act and not repealed by this act. (2) A corporation covered by subsection (1) includes, but is not limited to, a cooperative corporation classified as a nonprofit corporation pursuant to section 98 of Act No. 327 of the Public Acts of 1931, as amended, being section 450.98 of the Michigan Compiled Laws; a secret society or lodge; a trustee corporation holding property for charitable, religious, benevolent, educational, or other public benefit purposes; a church trustee corporation; an educational corporation which is organized as a trustee corporation; or a nonprofit corporation, an ecclesiastical corporation, and a public building corporation. (3) This act does not apply to insurance, surety, credit unions, savings and loan associations, fraternal benefit societies, railroad, bridge, and tunnel companies, union depot companies, and banking corporations.
|
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
