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Act 152 of 1985
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THE EMPLOYEE-OWNED CORPORATION ACT

Act 152 of 1985

AN 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 Michigan

The 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.