MCL - 162-1982-5
Act 162 of 1982
| Document | Type | Description |
|---|---|---|
| Section 450.2501 | Section | Board of directors; management of business and affairs of corporation; qualifications; powers. |
| Section 450.2501a | Section | Board of directors; minimum age; requirements. |
| Section 450.2505 | Section | Board; number, term, election or appointment, and resignation of directors. |
| Section 450.2506 | Section | Dividing directors up to 5 classes; election or appointment; term; expiration. |
| Section 450.2511 | Section | Removal of director; vote. |
| Section 450.2514 | Section | Removal of director by circuit court. |
| Section 450.2515 | Section | Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015. |
| Section 450.2515a | Section | Vacancy. |
| Section 450.2521 | Section | Regular or special meetings of board; location; notice; attendance or participation as waiver of notice; participation by means of conference telephone or other remote communication. |
| Section 450.2523 | Section | Quorum; vote constituting action of board or committee; amendment of bylaws. |
| Section 450.2525 | Section | Taking action without meeting; consent. |
| Section 450.2527 | Section | Designation of committees; membership; alternates; absent or disqualified member; providing for election or appointment of committees in articles or bylaws. |
| Section 450.2528 | Section | Executive committee designated under MCL 450.2527(1) or (3); powers and authority; subcommittees. |
| Section 450.2529 | Section | Submitting matter to vote. |
| Section 450.2531 | Section | Officers of corporation; membership; election or appointment; individual holding 2 or more offices; term of office; authority and duties. |
| Section 450.2535 | Section | Removal of officer; suspension of authority to act; contract rights; resignation of officer; notice. |
| Section 450.2541 | Section | Director or officer; discharge of duties; manner; reliance on certain information; compliance; liability; claim for monetary damages for breach of volunteer director's duty; commencement of action. |
| Section 450.2545 | Section | Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015. |
| Section 450.2545a | Section | Transaction in which director or officer has interest. |
| Section 450.2546 | Section | Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015. |
| Section 450.2548 | Section | Loan, guaranty, or assistance by corporation for officer or employee. |
| Section 450.2551 | Section | Liability of directors for certain corporate actions; liability of shareholder or member accepting or receiving distribution contrary to act. |
| Section 450.2552 | Section | Rights of director against whom claim successfully asserted under MCL 450.2551. |
| Section 450.2553 | Section | Presence or absence of director at meeting at which action under MCL 450.2551 taken; presumption; dissent. |
| Section 450.2554 | Section | Commencement of action under MCL 450.2551 or 450.2552. |
| Section 450.2556 | Section | Volunteer's acts or omissions; claim for monetary damages. |
| Section 450.2561 | Section | Indemnification of director, officer, partner, trustee, employee, nondirector volunteer, or agent in connection with action, suit, or proceeding; conditions; presumption. |
| Section 450.2562 | Section | Indemnification against expenses of director, officer, partner, trustee, employee, nondirector volunteer, or agent in connection with action or suit by or in right of corporation; conditions; limitations. |
| Section 450.2563 | Section | Indemnification for expenses of director, officer, or nondirector volunteer successful in defense of action, suit, or proceeding referred to in MCL 450.2561 or 450.2562. |
| Section 450.2564 | Section | Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015. |
| Section 450.2564a | Section | Indemnification of director, officer, employee, nondirector volunteer, or agent under MCL 450.2561 or 450.2562; authorization; basis; determination; evaluation; designation of committee or selection of legal counsel; indemnification for portion of expenses; payment; indemnification of director for expenses and liabilities. |
| Section 450.2564b | Section | Expenses incurred by director, officer, employee, nondirector volunteer, or agent; reimbursement; agreement; advances. |
| Section 450.2564c | Section | Indemnification of director, officer, employee, nondirector volunteer, or agent; application to court; determination. |
| Section 450.2565 | Section | Indemnification or advance of expenses not exclusive of other rights; limitation; continuation; amended provision. |
| Section 450.2567 | Section | Purchase and maintenance of insurance on behalf of director, officer, employee, nondirector volunteer, or agent. |
| Section 450.2569 | Section | Scope of "corporation" for purposes of MCL 450.2561 to 450.2567. |
| Section 450.2571 | Section | Definitions. |