Main Content 89-1986-4 friendly link Printer Friendly index and updates Search within this Statute for MICHIGAN BIDCO ACT (EXCERPT)Act 89 of 1986 Article 4 CORPORATE MATTERS DocumentTypeDescription Section 487.1401SectionName of licensee; inclusion of word "BIDCO." Section 487.1403SectionBoard of directors; number of directors; membership; meetings. Section 487.1405SectionDeath, resignation, or removal of director, officer, or manager; election of director; appointment of officer or manager; notice to commissioner; additional information. Section 487.1407SectionDividend and distribution policies; buying back share of stock or membership interest.