2006 Michigan Compiled Laws - 350-1980-3

THE NONPROFIT HEALTH CARE CORPORATION REFORM ACT (EXCERPT)
Act 350 of 1980 Part 3

Document	Description
Section 550.1301	Board of directors; powers and duties generally; appointment, qualifications, and terms of members; vacancy; officer or employee as voting or nonvoting director; method of selection; definitions; prohibition.
Section 550.1302	Bylaws generally.
Section 550.1303	Meetings; required provisions in bylaws; notice; waiver; participation by conference telephone or similar communications equipment; quorum; action by board; actions requiring majority vote; record roll call vote; recording vote in minutes.
Section 550.1304	Books, records, and minutes; copy of minutes; disclosure, publication, and dissemination of minutes; compelling production of books or records.
Section 550.1305	Establishment and composition of corporate body; service of members on committees; membership on board of directors.
Section 550.1306	Effect of common directorship, officership, or interest on validity of contract or other transaction; burden of establishing validity of contract; exclusion of common or interested directors in determination of quorum; compensation of directors; bylaws regarding conflict of interest.
Section 550.1307	Advisory councils; committees of board of directors; bylaws regarding membership and emergency meetings and actions.
Section 550.1308	Committees of board of directors; powers and authority; prohibited activities; emergency actions.
Section 550.1309	Officers and assistants; selection; restriction; authority and duties; removal; contractual rights; bond; vacancies; compensation; pension.
Section 550.1310	Fiduciary duties; scope and manner of discharge; removal of director for breach of fiduciary duty; notice and hearing.
Section 550.1311	Liability for misapplication or misuse of corporate money or property.
Section 550.1312	Action for failure to perform duties; commencement.
Section 550.1313	False statement as misdemeanor; liability for false statement or report; commencement of action for civil liability.

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