Michigan Compiled Laws 346-1966-6 Chapter 6 (125.1481...125.1486)

• Section 125.1481 Limited Dividend Housing Corporations; Incorporation.
  Limited dividend housing corporations shall be incorporated or qualified pursuant to the provisions of the general corporation act and this chapter. History: Add. 1970,...
• Section 125.1482 Corporate Name.
  The term “limited dividend housing corporation” shall be included as a part of the corporate name as set forth in the certificate of incorporation...
• Section 125.1483 Limited Dividend Housing Corporation; Articles Of Incorporation.
  In addition to other requirements of law, the articles of incorporation of any limited dividend housing corporation shall provide all of the following: (a)...
• Section 125.1484 Surplus; Definition.
  As used in this chapter, the term “surplus” shall not be deemed to include any increase in assets of any limited dividend housing corporation...
• Section 125.1485 Directors, Additional, Power Of Authority.
  The articles shall provide that the authority shall have the power to appoint to the board of directors of the limited dividend housing corporation...
• Section 125.1486 Articles Of Incorporation; Filing, Approval.
  The department of the treasury, corporation division, shall not accept the articles of incorporation of the limited dividend housing corporation unless the consent or...

Last modified: October 10, 2016