Michigan Compiled Laws 162-1982-2 Chapter 2 (450.2201...450.2275)

• Section 450.2201 Incorporators; Signing And Filing Articles Of Incorporation.
  (1) One or more persons may be the incorporators of a corporation by signing in ink and filing articles of incorporation for the corporation....
• Section 450.2202 Articles Of Incorporation; Contents.
  The articles of incorporation shall contain all of the following: (a) The name of the corporation. (b) The purposes for which the corporation is...
• Section 450.2204 Articles Of Incorporation; Provision Pertaining To Proposed Compromise Or Arrangement Or Reorganization Between Corporation And Creditors Or Shareholders.
  The articles of incorporation may contain the following provision or the substance thereof: When a compromise or arrangement or a plan of reorganization of...
• Section 450.2205 Articles Of Incorporation; Including Provision Of Mcl 450.2204; Effect On Creditors, Shareholders, Or Members Of Corporation; Administration And Enforcement Of Provision By Circuit Court; Restraining Actions And Proceedings Against Corporation; Appointment And Powers Of Temporary Receiver.
  (1) When the provision of section 204 is included in the original articles of incorporation of a corporation, all persons who become creditors, shareholders,...
• Section 450.2209 Articles Of Incorporation; Additional Provisions; Liability Of Director Or Volunteer Officer.
  (1) The articles of incorporation may contain any provision that is not inconsistent with this act and not expressly prohibited by any other statute...
• Section 450.2212 Corporate Name.
  (1) The corporate name of a domestic or foreign corporation formed or existing under or subject to this act shall conform to all of...
• Section 450.2213 Assuming Name That Implies Corporation Is Banking Corporation, Insurance Or Surety Company, Or Trust Company Prohibited.
  A corporation formed or existing under or subject to this act shall not assume a name which implies that it is a banking corporation,...
• Section 450.2215 Reservation Of Right To Use Corporate Name; Application; Duration; Expiration; Transfer Of Right To Exclusive Use Of Reserved Corporate Name.
  (1) A person may reserve the right to use a corporate name by executing and filing an application to reserve the name. If the...
• Section 450.2217 Conduct Of Affairs Under Assumed Name Or Names Other Than Corporate Name; Certificate Of Assumed Name; Duration; Extensions; Notification Of Impending Expiration; Enterprises Participating Together In Partnership Or Joint Venture; Transfer Or Use Of Assumed Name In Merger Or Conversion.
  (1) Except as provided in section 212 or otherwise prohibited by law, a domestic or foreign corporation may conduct its affairs under any assumed...
• Section 450.2221 Corporate Existence To Begin On Effective Date Of Articles Of Incorporation; Filing As Conclusive Evidence That Conditions Precedent Fulfilled And Corporation Formed; Exception.
  The corporate existence of a corporation begins on the effective date of the articles of incorporation as provided in section 131. Filing of the...
• Section 450.2223 Selection Of Board And Adoption Of Bylaws; First Meeting; Notice; Quorum; Transaction Of Business.
  Before or after filing of the articles of incorporation a majority of the incorporators at a meeting or by written instrument, shall select a...
• Section 450.2231 Bylaws; Adoption; Amendment Or Repeal; Contents.
  (1) Except if the power to adopt, amend, or repeal the bylaws is reserved exclusively to the corporation's shareholders, its members, or its board...
• Section 450.2241 Registered Office; Resident Agent.
  Each domestic corporation and each foreign corporation authorized to conduct affairs in this state shall have and continuously maintain in this state both of...
• Section 450.2242 Change Of Registered Office Or Resident Agent; Statement.
  (1) A domestic corporation or a foreign corporation authorized to conduct affairs in this state may change its registered office or change its resident...
• Section 450.2243 Resident Agent; Resignation; Notice; Appointment Of Successor; Termination Of Appointment Of Resigning Resident Agent; Registered Office Of Corporation.
  A resident agent of a domestic or foreign corporation may resign by filing a written notice of resignation with the president or a vice...
• Section 450.2246 Resident Agent; Service Of Process, Notice, Or Demand; Resident Agent As Agent Of Director Or Officer In Certain Action; Forwarding Process To Director Or Officer; Electronic Transmission Of Notice.
  (1) The resident agent appointed by a corporation is an agent of the corporation on which any process, notice, or demand required or permitted...
• Section 450.2251 Corporate Purposes; Conduct Of Lawful Activities During War Or National Emergency.
  (1) A corporation may be formed under this act for any lawful purposes not involving pecuniary gain or profit for its officers, directors, shareholders,...
• Section 450.2261 Corporate Powers; Inconsistency Between Certain Acts; Corporate Existence In Perpetuity; Fixed Limitation Or Term; Waiver Of Right To Perpetual Existence; Nonprofit Power Corporation; Public School Academy; Providing Services In Learned Profession; Personal Liability And Accountability For Negligent Or Wrongful Acts Or Misconduct; Indemnification.
  (1) A corporation, subject to any limitation provided in this act, in any other statute of this state, or in its articles of incorporation,...
• Section 450.2262 Existing Incorporated Association Or Society Operating As Corporation Subject To Act; Payment Of Death Or Sick Benefits; Reserves; Rules; Investment Of Funds Securing Reserves; Statement Required Of Evidence Of Obligation To Pay Death And Sick Benefits.
  (1) An association or society, not otherwise provided for here or by other statute, incorporated before January 1, 1983, and now existing, whose purpose...
• Section 450.2271 Act Of Corporation And Transfer Of Property To Or By Corporation Not Invalid Where Corporation Without Capacity Or Power; Assertion Of Lack Of Capacity Or Power.
  An act of a corporation and a transfer of real or personal property to or by a corporation, otherwise lawful, is not invalid because...
• Section 450.2275 Agreement To Pay Rate Of Interest In Excess Of Legal Rate; Defense Of Usury Prohibited.
  A domestic corporation or foreign corporation, whether or not formed at the request of a lender or in furtherance of a business enterprise, may...

Last modified: October 10, 2016