2014 Michigan Compiled Laws
Chapter 117 - HOME RULE CITIES
Act 279 of 1909 THE HOME RULE CITY ACT (117.1 - 117.38)***** 117.3b SUBSECTION (1) DOES NOT APPLY AFTER DECEMBER 31, 2006: See subsection (2) *****
Section 117.4o Formation of nonprofit corporation by city.
THE HOME RULE CITY ACT (EXCERPT)
Act 279 of 1909
117.4o Formation of nonprofit corporation by city.
Sec. 4o.
(1) The legislative body of a city may by ordinance or resolution authorize the formation of a nonprofit corporation under the nonprofit corporation act, 1982 PA 162, MCL 450.2101 to 450.3192. A nonprofit corporation formed under this section may be organized only for purposes that are valid public purposes for cities in this state.
(2) Except as otherwise provided in this subsection, a nonprofit corporation formed under subsection (1) is subject to all local, state, and federal laws or ordinances that apply to the city that authorized its formation. A nonprofit corporation formed under subsection (1) is not subject to the municipal finance act, 1943 PA 202, MCL 131.1 to 139.3, or its successor act.
(3) A nonprofit corporation formed under subsection (1) is a public body for the purposes of the Michigan campaign finance act, 1976 PA 388, MCL 169.201 to 169.282.
History: Add. 2001, Act 37, Imd. Eff. July 11, 2001
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