Michigan Compiled Laws Act 152 Of 1985 The Employee-owned Corporation Act (450.731 - 450.738)

• Section 450.731 Short Title.
  This act shall be known and may be cited as “the employee-owned corporation act”. History: 1985, Act 152, Eff. Jan. 10, 1986
• Section 450.732 Definitions.
  As used in this act: (a) “Closing” means the permanent shutting down of operations at any establishment at which at least 25 persons are...
• Section 450.733 Program To Assist In Developing Employee-owned Corporations; Establishment; Operation; Duty Of Department.
  The department, in cooperation with the department of commerce, shall establish a program to assist in developing employee-owned corporations. The program may operate when...
• Section 450.734 Powers Of Department Generally.
  The department may do all of the following: (a) Develop, collect, and disseminate information useful to persons and organizations throughout the state in undertaking...
• Section 450.735 Assistance In Implementing Mcl 450.734.
  Each principal department and the economic advisory council, as established by law, shall assist the department of labor, upon its request, in implementing section...
• Section 450.736 Notice Of Decision To Close Or Relocate Operations.
  The department shall encourage those business establishments considering a decision to effect a closing or relocation of operations relative to an establishment located in...
• Section 450.737 Feasibility Study; Informational Meeting.
  If the department becomes aware pursuant to a request that a business establishment is closing or relocating operations, the department may conduct an initial...
• Section 450.738 Conditional Effective Date.
  This act shall not take effect unless House Bill No. 4614 of the 83rd Legislature is enacted into law. History: 1985, Act 152, Eff....

Last modified: October 10, 2016