MCL - Act 152 of 1985


THE EMPLOYEE-OWNED CORPORATION ACT

Act 152 of 1985

AN ACT to prescribe the powers and duties of the department of labor and the department of commerce relative to the formation of employee-owned corporations.


History: 1985, Act 152, Eff. Jan. 10, 1986




The People of the State of Michigan enact:
Document Type Description
Section 450.731 Section Short title.
Section 450.732 Section Definitions.
Section 450.733 Section Program to assist in developing employee-owned corporations; establishment; operation; duty of department.
Section 450.734 Section Powers of department generally.
Section 450.735 Section Assistance in implementing MCL 450.734.
Section 450.736 Section Notice of decision to close or relocate operations.
Section 450.737 Section Feasibility study; informational meeting.
Section 450.738 Section Conditional effective date.