2006 Michigan Compiled Laws - Act 152 of 1985


THE EMPLOYEE-OWNED CORPORATION ACT

Act 152 of 1985

AN ACT to prescribe the powers and duties of the department of labor and the department of commerce relative to the formation of employee-owned corporations.


History: 1985, Act 152, Eff. Jan. 10, 1986




The People of the State of Michigan enact:

DocumentDescription
Section 450.731Short title.
Section 450.732Definitions.
Section 450.733Program to assist in developing employee-owned corporations; establishment; operation; duty of department.
Section 450.734Powers of department generally.
Section 450.735Assistance in implementing § 450.734.
Section 450.736Notice of decision to close or relocate operations.
Section 450.737Feasibility study; informational meeting.
Section 450.738Conditional effective date.

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