MCL - Act 327 of 1931


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

The People of the State of Michigan enact:
Document Type Description
Section 450.1-450.61 Section Repealed. 1951, Act 239, Eff.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Section 450.62-450.64 Section Repealed. 1982, Act 162, Eff. Jan. 1, 1983.
Section 450.65-450.80 Section Repealed. 1972, Act 284, Eff. Jan. 1, 1973.
Section 450.81 Section Repealed. 1982, Act 162, Eff. Jan. 1, 1983.
Section 450.82-450.91a Section Repealed. 1972, Act 284, Eff. Jan. 1, 1973.
Section 450.92 Section Repealed. 1982, Act 162, Eff. Jan. 1, 1983.
Section 450.93-450.97 Section Repealed. 1974, Act 140, Imd. Eff. June 5, 1974.
Section 450.98 Section Applicability 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 450.99 Section Cooperative plan; definition; allocation of reserved earnings; cooperative corporations; use of term “cooperative,”“co-op,” or variation thereof.
Section 450.100 Section Cooperative corporations; shares of stock, contents.
Section 450.101 Section Cooperative corporations; shareholders' powers; directors, election, term, number; voting.
Section 450.102 Section Cooperative corporations; membership, regulations.
Section 450.103 Section Cooperative corporations; amendments to articles.
Section 450.104 Section Cooperative corporations; reserve funds, investment; shareholders, vote.
Section 450.105 Section Cooperative corporations; purchase of business; payment, methods.
Section 450.106 Section Cooperative corporations; distribution of dividends; reserves; distribution of cooperative dividends; determining annual privilege fee.
Section 450.107 Section Cooperative corporations; surplus earnings, distribution; failure, penalty.
Section 450.108 Section Cooperative corporations; dealing in commodities; contracts, agreements.
Section 450.109 Section Cooperative corporations; breach of contract; encouragement prohibited; penalty.
Section 450.117-450.132a Section Repealed. 1982, Act 162, Eff. Jan. 1, 1983.
Section 450.133 Section Incorporation of fraternal or secret societies; parent lodge.
Section 450.134 Section Parent corporations; articles of incorporation.
Section 450.135 Section Parent corporations; ritual, rules; subordinate lodges, chartering.
Section 450.136 Section Parent corporations; supervision, subordinate lodge.
Section 450.137 Section Parent corporations; management, secretary.
Section 450.138 Section Parent corporations; name, regulations.
Section 450.139 Section Parent corporations; powers as to property.
Section 450.140 Section Parent corporations; government, representative form; first annual meeting.
Section 450.141 Section Parent corporations; annual meeting, powers.
Section 450.142 Section Local lodges; purpose.
Section 450.143 Section Local lodges; articles of incorporation.
Section 450.144 Section Local lodges; powers as to property; parent corporation, supervision.
Section 450.145 Section Local lodges; officers, representatives.
Section 450.146 Section Parent or local lodges; powers of non-profit corporation.
Section 450.147 Section Parent or local lodges; relief funds, raising, payment from treasury.
Section 450.148 Section Trustee corporations; definition.
Section 450.149 Section Trustee corporations; trustees, vesting of property; trust instrument, definition.
Section 450.150 Section Trustee corporations; articles of incorporation.
Section 450.151 Section Trustee corporations; officers.
Section 450.152 Section Trustee corporations; powers as to property.
Section 450.153 Section Trustee corporations; property and funds, use, investments.
Section 450.154 Section Trustee corporations; trustees, vacancy, filling.
Section 450.155 Section Trustee corporations; circuit courts, petition; jurisdiction of court.
Section 450.156 Section Trustee corporations; act amendment of trustee agreement.
Section 450.157 Section Trustee corporation; hospitals; asylums; trustee instrument; indenturing or apprenticing destitute or foundling children; withdrawal.
Section 450.158 Section Trustee corporations; hospital, asylum, charitable institution; gifts, acceptance.
Section 450.159 Section Church trustee corporations; trustees, election, number; certification of election.
Section 450.159a Section Church trustee corporations; trustees, increase, decrease; resolutions, adoption; meetings, terms; additional trustee, election.
Section 450.160 Section Church trustee corporations; trustees, vacancy, filling.
Section 450.161 Section Church trustee corporations; powers as to property.
Section 450.162 Section Church trustee corporations; investment, powers, certificate.
Section 450.163-450.167 Section Repealed. 1982, Act 162, Eff. Jan. 1, 1983.
Section 450.167a Section Henry Ford trade school; dissolution; cancellation of franchise; assets, disposal, sale; debts, payment; retirement program; payment of dissolution charges; certificate, filing, contents.
Section 450.168 Section Repealed. 1982, Act 162, Eff. Jan. 1, 1983.
Section 450.169 Section Corporations to provide student aid.
Section 450.170 Section Educational corporations; incorporation.
Section 450.171 Section Educational 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; reopening of educational corporation; requirements; definitions.
Section 450.172 Section Educational foundations; colleges, establishment.
Section 450.173 Section Educational foundations; articles of incorporation, contents, amendment.
Section 450.174 Section Educational foundations; property, acceptance; government.
Section 450.175 Section Educational foundations; board of directors, trustees; powers.
Section 450.176 Section Educational corporations; holders of diplomas or certificates; privilege or immunity.
Section 450.177 Section Educational foundations; inspection by state board of education, time; annual report, contents.
Section 450.178 Section Ecclesiastical corporations; incorporation; purpose.
Section 450.179 Section Ecclesiastical corporations; articles of incorporation.
Section 450.180 Section Ecclesiastical corporations; articles, execution, contents; receivership; unclaimed property, state.
Section 450.181 Section Ecclesiastical corporations; by-laws.
Section 450.182 Section Ecclesiastical corporations; articles, amendment procedure.
Section 450.183 Section Ecclesiastical corporations; powers as to property.
Section 450.184 Section Ecclesiastical corporations; gifts, acceptance, investment.
Section 450.184a Section Organization and operation of religious college by ecclesiastical corporation.
Section 450.185 Section Ecclesiastical corporations; powers of church unrestricted.
Section 450.186 Section Ecclesiastical corporations; Sunday school, religious society; incorporation.
Section 450.186a Section Public building corporations; incorporation; contracts with state administrative board, legislature's approval.
Section 450.186b Section Public building corporations; powers as to property; state contracts, leases; bonds; by-laws.
Section 450.186c Section Public building corporations; non-profit provisions, applicability; administration of property and accumulation; rent to state; fees, purpose.
Section 450.186d Section Public building corporations; trustees, number, terms, compensation; members, term, admission.
Section 450.186e Section Public building corporations; winding up affairs by legislature; property, conservation, disposition.
Section 450.187 Section Repealed. 1965, Act 161, Imd. Eff. July 15, 1965.
Section 450.187a Section Repealed. 1970, Act 66, Imd. Eff. July 10, 1970.
Section 450.187b Section Repealed. 1972, Act 284, Eff. Jan. 1, 1973.
Section 450.188, 450.189 Section Repealed. 1982, Act 162, Eff. Jan. 1, 1983.
Section 450.190 Section Catchline headings of sections not part of act.
Section 450.191 Section Repeal of acts and parts of acts; MCL 450.631 and 450.632 inapplicable to corporations governed by this act.
Section 450.192 Section Saving clause.