There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 450 - CORPORATIONS
Act 152 of 1985 - THE EMPLOYEE-OWNED CORPORATION ACT (450.731 - 450.738)
THE EMPLOYEE-OWNED CORPORATION ACTAct 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
- Section 450.731 - Short title.
- Section 450.732 - Definitions.
- Section 450.733 - Program to assist in developing employee-owned corporations; establishment; operation; duty of department.
- Section 450.734 - Powers of department generally.
- Section 450.735 - Assistance in implementing MCL 450.734.
- Section 450.736 - Notice of decision to close or relocate operations.
- Section 450.737 - Feasibility study; informational meeting.
- Section 450.738 - Conditional effective date.
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