2006 Michigan Compiled Laws - Mich. Comp. Laws § 450.2231 Bylaws; adoption; amendment or repeal; contents.

NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982


450.2231 Bylaws; adoption; amendment or repeal; contents.

Sec. 231.

(1) Except if the power to adopt, amend, or repeal the bylaws is reserved exclusively to the corporation's shareholders, its members, or its board in the articles of incorporation:

(a) The initial bylaws of a corporation shall be adopted by its incorporators, its shareholders, its members, or its board.

(b) The shareholders, the members, or the board may amend or repeal the bylaws or adopt new bylaws.

(c) The shareholders or members may prescribe in the bylaws that any bylaw adopted by them shall not be amended or repealed by the board.

(2) The bylaws may contain any provision for the regulation and management of the affairs of the corporation not inconsistent with law or the articles of incorporation.


History: 1982, Act 162, Eff. Jan. 1, 1983



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.