Main Content Section 450.1311, 450.1313 friendly link Printer Friendly BUSINESS CORPORATION ACT (EXCERPT)Act 284 of 1972450.1311, 450.1313 Repealed. 1989, Act 121, Eff. Oct. 1, 1989. Compiler's Notes: The repealed sections pertained to consideration for issuance of shares. © 2009 Legislative Council, State of Michigan