Main Content Act 152 of 1985 friendly link Printer Friendly bills affecting index and updates Search within this Statute for THE EMPLOYEE-OWNED CORPORATION ACTAct 152 of 1985AN 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 © 2009 Legislative Council, State of MichiganThe People of the State of Michigan enact: DocumentTypeDescription Section 450.731SectionShort title. Section 450.732SectionDefinitions. Section 450.733SectionProgram to assist in developing employee-owned corporations; establishment; operation; duty of department. Section 450.734SectionPowers of department generally. Section 450.735SectionAssistance in implementing MCL 450.734. Section 450.736SectionNotice of decision to close or relocate operations. Section 450.737SectionFeasibility study; informational meeting. Section 450.738SectionConditional effective date.
