Michigan Compiled Laws Act 28 Of 1891 Builders And Traders Exchanges (454.201 - 454.205)

AN ACT to provide for the organization and incorporation of builder's and builders and traders exchanges; and to impose certain duties on the department of commerce.

History: 1891, Act 28, Imd. Eff. Apr. 15, 1891 ;-- Am. 1982, Act 80, Imd. Eff. Apr. 19, 1982

Section 454.201 Builders And Traders Exchanges; Incorporation, Purposes.
That any number of persons, not less than 3, may associate themselves together and become incorporated as a builders or a builders and traders...
Section 454.202 Signing And Acknowledging Articles Of Association; Filing Copy Of Articles With Department Of Commerce; Incorporators And Associates As Body Politic And Corporate.
The incorporators shall sign and acknowledge before some person authorized to take the acknowledgment of deeds, articles of association, of which a copy shall...
Section 454.203 Builders And Traders Exchanges; Articles, Contents.
The articles of association shall contain: First, The names of the persons associating in the first instance and their places of residence; Second, The...
Section 454.204 Builders And Traders Exchanges; Corporate Powers; Property Limitation.
Said corporation by the name adopted by said articles shall have succession and power to sue and be sued and to adopt and use...
Section 454.205 Builders And Traders Exchanges; Committees Of Reference And Arbitration; Committees Of Appeal.
Said corporation may constitute and appoint committees of reference and arbitration, and committees of appeals, who shall be governed by such rules and regulations...

Last modified: October 10, 2016