2006 Michigan Compiled Laws - Mich. Comp. Laws § 450.2901 Report of corporation; distribution to shareholders or members; contents.

NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982


450.2901 Report of corporation; distribution to shareholders or members; contents.

Sec. 901.

Each domestic corporation at least once in each year shall cause a report of the corporation for the preceding fiscal year to be made and distributed to each shareholder or member thereof or presented at the annual meeting of shareholders or members, or, if the corporation is organized upon a directorship basis, at the annual meeting of the board. The report shall include the corporation's year-end statement of assets and liabilities, including trust funds, and the principal change in assets and liabilities during the year preceding the date of the report and, if prepared by the corporation, its source and application of funds and other such information as may be required by this act.


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



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