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Michigan Compiled Laws Complete Through PA 93 of 2019
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Act 327 of 1931
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Act 327 of 1931

AN ACT to provide for the organization, regulation and classification of corporations; to provide their rights, powers and immunities; to prescribe the conditions on which corporations may exercise their powers; to provide for the inclusion of certain existing corporations within the provisions of this act; to prescribe the terms and conditions upon which foreign corporations may be admitted to do business within this state; to require certain annual reports to be filed by corporations; to prescribe penalties for the violations of the provisions of this act; and to repeal certain acts and parts of acts relating to corporations.

History: 1931, Act 327, Eff. Sept. 18, 1931

© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

Section 450.1-450.61SectionRepealed. 1951, Act 239, Eff. Sept. 28, 1951;—1962, Act 174, Eff. Jan. 1, 1964;—1967, Act 67, Eff. Nov. 2, 1967;—1972, Act 284, Eff. Jan. 1, 1973.
Section 450.62-450.64SectionRepealed. 1982, Act 162, Eff. Jan. 1, 1983.
Section 450.65-450.80SectionRepealed. 1972, Act 284, Eff. Jan. 1, 1973.
Section 450.81SectionRepealed. 1982, Act 162, Eff. Jan. 1, 1983.
Section 450.82-450.91aSectionRepealed. 1972, Act 284, Eff. Jan. 1, 1973.
Section 450.92SectionRepealed. 1982, Act 162, Eff. Jan. 1, 1983.
Section 450.93-450.97SectionRepealed. 1974, Act 140, Imd. Eff. June 5, 1974.
Section 450.98SectionApplicability of act to corporations limiting dividends or voting rights, and conducting not more than 50% of business with nonstockholders or nonmembers; classification of corporations organized under MCL 450.98 to 450.109 as profit and nonprofit.
Section 450.99SectionCooperative plan; definition; allocation of reserved earnings; cooperative corporations; use of term “cooperative,”“co-op,” or variation thereof.
Section 450.100SectionCooperative corporations; shares of stock, contents.
Section 450.101SectionCooperative corporations; shareholders' powers; directors, election, term, number; voting.
Section 450.102SectionCooperative corporations; membership, regulations.
Section 450.103SectionCooperative corporations; amendments to articles.
Section 450.104SectionCooperative corporations; reserve funds, investment; shareholders, vote.
Section 450.105SectionCooperative corporations; purchase of business; payment, methods.
Section 450.106SectionCooperative corporations; distribution of dividends; reserves; distribution of cooperative dividends; determining annual privilege fee.
Section 450.107SectionCooperative corporations; surplus earnings, distribution; failure, penalty.
Section 450.108SectionCooperative corporations; dealing in commodities; contracts, agreements.
Section 450.109SectionCooperative corporations; breach of contract; encouragement prohibited; penalty.
Section 450.117-450.132aSectionRepealed. 1982, Act 162, Eff. Jan. 1, 1983.
Section 450.133SectionIncorporation of fraternal or secret societies; parent lodge.
Section 450.134SectionParent corporations; articles of incorporation.
Section 450.135SectionParent corporations; ritual, rules; subordinate lodges, chartering.
Section 450.136SectionParent corporations; supervision, subordinate lodge.
Section 450.137SectionParent corporations; management, secretary.
Section 450.138SectionParent corporations; name, regulations.
Section 450.139SectionParent corporations; powers as to property.
Section 450.140SectionParent corporations; government, representative form; first annual meeting.
Section 450.141SectionParent corporations; annual meeting, powers.
Section 450.142SectionLocal lodges; purpose.
Section 450.143SectionLocal lodges; articles of incorporation.
Section 450.144SectionLocal lodges; powers as to property; parent corporation, supervision.
Section 450.145SectionLocal lodges; officers, representatives.
Section 450.146SectionParent or local lodges; powers of non-profit corporation.
Section 450.147SectionParent or local lodges; relief funds, raising, payment from treasury.
Section 450.148SectionTrustee corporations; definition.
Section 450.149SectionTrustee corporations; trustees, vesting of property; trust instrument, definition.
Section 450.150SectionTrustee corporations; articles of incorporation.
Section 450.151SectionTrustee corporations; officers.
Section 450.152SectionTrustee corporations; powers as to property.
Section 450.153SectionTrustee corporations; property and funds, use, investments.
Section 450.154SectionTrustee corporations; trustees, vacancy, filling.
Section 450.155SectionTrustee corporations; circuit courts, petition; jurisdiction of court.
Section 450.156SectionTrustee corporations; act amendment of trustee agreement.
Section 450.157SectionTrustee corporation; hospitals; asylums; trustee instrument; indenturing or apprenticing destitute or foundling children; withdrawal.
Section 450.158SectionTrustee corporations; hospital, asylum, charitable institution; gifts, acceptance.
Section 450.159SectionChurch trustee corporations; trustees, election, number; certification of election.
Section 450.159aSectionChurch trustee corporations; trustees, increase, decrease; resolutions, adoption; meetings, terms; additional trustee, election.
Section 450.160SectionChurch trustee corporations; trustees, vacancy, filling.
Section 450.161SectionChurch trustee corporations; powers as to property.
Section 450.162SectionChurch trustee corporations; investment, powers, certificate.
Section 450.163-450.167SectionRepealed. 1982, Act 162, Eff. Jan. 1, 1983.
Section 450.167aSectionHenry Ford trade school; dissolution; cancellation of franchise; assets, disposal, sale; debts, payment; retirement program; payment of dissolution charges; certificate, filing, contents.
Section 450.168SectionRepealed. 1982, Act 162, Eff. Jan. 1, 1983.
Section 450.169SectionCorporations to provide student aid.
Section 450.170SectionEducational corporations; incorporation.
Section 450.171SectionEducational corporations; classification; religious college not included; filing of articles of incorporation; statement; guaranteed annual income as credit to capital; use of "college", "university", or "junior college" as name; expansion of program.
Section 450.172SectionEducational foundations; colleges, establishment.
Section 450.173SectionEducational foundations; articles of incorporation, contents, amendment.
Section 450.174SectionEducational foundations; property, acceptance; government.
Section 450.175SectionEducational foundations; board of directors, trustees; powers.
Section 450.176SectionEducational corporations; holders of diplomas or certificates; privilege or immunity.
Section 450.177SectionEducational foundations; inspection by state board of education, time; annual report, contents.
Section 450.178SectionEcclesiastical corporations; incorporation; purpose.
Section 450.179SectionEcclesiastical corporations; articles of incorporation.
Section 450.180SectionEcclesiastical corporations; articles, execution, contents; receivership; unclaimed property, state.
Section 450.181SectionEcclesiastical corporations; by-laws.
Section 450.182SectionEcclesiastical corporations; articles, amendment procedure.
Section 450.183SectionEcclesiastical corporations; powers as to property.
Section 450.184SectionEcclesiastical corporations; gifts, acceptance, investment.
Section 450.184aSectionOrganization and operation of religious college by ecclesiastical corporation.
Section 450.185SectionEcclesiastical corporations; powers of church unrestricted.
Section 450.186SectionEcclesiastical corporations; Sunday school, religious society; incorporation.
Section 450.186aSectionPublic building corporations; incorporation; contracts with state administrative board, legislature's approval.
Section 450.186bSectionPublic building corporations; powers as to property; state contracts, leases; bonds; by-laws.
Section 450.186cSectionPublic building corporations; non-profit provisions, applicability; administration of property and accumulation; rent to state; fees, purpose.
Section 450.186dSectionPublic building corporations; trustees, number, terms, compensation; members, term, admission.
Section 450.186eSectionPublic building corporations; winding up affairs by legislature; property, conservation, disposition.
Section 450.187SectionRepealed. 1965, Act 161, Imd. Eff. July 15, 1965.
Section 450.187aSectionRepealed. 1970, Act 66, Imd. Eff. July 10, 1970.
Section 450.187bSectionRepealed. 1972, Act 284, Eff. Jan. 1, 1973.
Section 450.188, 450.189SectionRepealed. 1982, Act 162, Eff. Jan. 1, 1983.
Section 450.190SectionCatchline headings of sections not part of act.
Section 450.191SectionRepeal of acts and parts of acts; MCL 450.631 and 450.632 inapplicable to corporations governed by this act.
Section 450.192SectionSaving clause.
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