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Michigan Compiled Laws Complete Through PA 19 of 2024
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162-1982-5
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NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982
Chapter 5


DocumentTypeDescription
Section 450.2501SectionBoard of directors; management of business and affairs of corporation; qualifications; powers.
Section 450.2501aSectionBoard of directors; minimum age; requirements.
Section 450.2505SectionBoard; number, term, election or appointment, and resignation of directors.
Section 450.2506SectionDividing directors up to 5 classes; election or appointment; term; expiration.
Section 450.2511SectionRemoval of director; vote.
Section 450.2514SectionRemoval of director by circuit court.
Section 450.2515SectionRepealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
Section 450.2515aSectionVacancy.
Section 450.2521SectionRegular or special meetings of board; location; notice; attendance or participation as waiver of notice; participation by means of conference telephone or other remote communication.
Section 450.2523SectionQuorum; vote constituting action of board or committee; amendment of bylaws.
Section 450.2525SectionTaking action without meeting; consent.
Section 450.2527SectionDesignation of committees; membership; alternates; absent or disqualified member; providing for election or appointment of committees in articles or bylaws.
Section 450.2528SectionExecutive committee designated under MCL 450.2527(1) or (3); powers and authority; subcommittees.
Section 450.2529SectionSubmitting matter to vote.
Section 450.2531SectionOfficers of corporation; membership; election or appointment; individual holding 2 or more offices; term of office; authority and duties.
Section 450.2535SectionRemoval of officer; suspension of authority to act; contract rights; resignation of officer; notice.
Section 450.2541SectionDirector or officer; discharge of duties; manner; reliance on certain information; compliance; liability; claim for monetary damages for breach of volunteer director's duty; commencement of action.
Section 450.2545SectionRepealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
Section 450.2545aSectionTransaction in which director or officer has interest.
Section 450.2546SectionRepealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
Section 450.2548SectionLoan, guaranty, or assistance by corporation for officer or employee.
Section 450.2551SectionLiability of directors for certain corporate actions; liability of shareholder or member accepting or receiving distribution contrary to act.
Section 450.2552SectionRights of director against whom claim successfully asserted under MCL 450.2551.
Section 450.2553SectionPresence or absence of director at meeting at which action under MCL 450.2551 taken; presumption; dissent.
Section 450.2554SectionCommencement of action under MCL 450.2551 or 450.2552.
Section 450.2556SectionVolunteer's acts or omissions; claim for monetary damages.
Section 450.2561SectionIndemnification of director, officer, partner, trustee, employee, nondirector volunteer, or agent in connection with action, suit, or proceeding; conditions; presumption.
Section 450.2562SectionIndemnification against expenses of director, officer, partner, trustee, employee, nondirector volunteer, or agent in connection with action or suit by or in right of corporation; conditions; limitations.
Section 450.2563SectionIndemnification for expenses of director, officer, or nondirector volunteer successful in defense of action, suit, or proceeding referred to in MCL 450.2561 or 450.2562.
Section 450.2564SectionRepealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
Section 450.2564aSectionIndemnification of director, officer, employee, nondirector volunteer, or agent under MCL 450.2561 or 450.2562; authorization; basis; determination; evaluation; designation of committee or selection of legal counsel; indemnification for portion of expenses; payment; indemnification of director for expenses and liabilities.
Section 450.2564bSectionExpenses incurred by director, officer, employee, nondirector volunteer, or agent; reimbursement; agreement; advances.
Section 450.2564cSectionIndemnification of director, officer, employee, nondirector volunteer, or agent; application to court; determination.
Section 450.2565SectionIndemnification or advance of expenses not exclusive of other rights; limitation; continuation; amended provision.
Section 450.2567SectionPurchase and maintenance of insurance on behalf of director, officer, employee, nondirector volunteer, or agent.
Section 450.2569SectionScope of "corporation" for purposes of MCL 450.2561 to 450.2567.
Section 450.2571SectionDefinitions.
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