Main Content 230-1987-5 friendly link Printer Friendly index and updates Search within this Statute for MUNICIPAL HEALTH FACILITIES CORPORATIONS ACT (EXCERPT)Act 230 of 1987 Chapter 5 DocumentTypeDescription Section 331.1501SectionFinancial reports and annual audits. Section 331.1502SectionIndemnification of certain persons. Section 331.1503SectionDissolution of corporation or subsidiary corporation. Section 331.1504SectionTax exemption. Section 331.1505SectionCumulative authority for exercise of various powers; exercise of powers enumerated or not enumerated. Section 331.1507SectionEffective date.