Michigan Compiled Laws
Act 230 of 1987 - Municipal Health Facilities Corporations Act (331.1101 - 331.1507)
230-1987-5 - Chapter 5 (331.1501...331.1507)

Section 331.1501 - Financial Reports and Annual Audits. - Sec. 501. Each corporation and subsidiary corporation shall prepare and...

Section 331.1502 - Indemnification of Certain Persons. - Sec. 502. (1) A corporation or subsidiary corporation may indemnify...

Section 331.1503 - Dissolution of Corporation or Subsidiary Corporation. - Sec. 503. (1) Any corporation which has completed the purposes...

Section 331.1504 - Tax Exemption. - Sec. 504. All property of any corporation or nonprofit subsidiary...

Section 331.1505 - Cumulative Authority for Exercise of Various Powers; Exercise of Powers Enumerated or Not Enumerated. - Sec. 505. (1) This act grants cumulative authority for the...

Section 331.1507 - Effective Date. - Sec. 507. This act shall take effect upon the expiration...