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2022 Michigan Compiled Laws
Chapter 450 - Corporations
Act 152 of 1985 - The Employee-Owned Corporation Act (450.731 - 450.738)
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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