Michigan Compiled Laws
230-1987-3 - Chapter 3 (331.1301...331.1307)
Section 331.1301 - Corporation and Subsidiary Corporation; Powers Generally.

Sec. 301.
Each corporation and subsidiary corporation governed by this act shall possess all of the powers necessary to carry out the purposes of its incorporation and those incident thereto. Such powers shall be vested in and exercised by its board of trustees or subsidiary board. The enumeration of any powers in this act shall not be considered as a limitation upon the general powers of the corporation or subsidiary corporation.
History: 1987, Act 230, Eff. Feb. 27, 1988

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 331 - Hospitals

Act 230 of 1987 - Municipal Health Facilities Corporations Act (331.1101 - 331.1507)

230-1987-3 - Chapter 3 (331.1301...331.1307)

Section 331.1301 - Corporation and Subsidiary Corporation; Powers Generally.

Section 331.1302 - Bylaws.

Section 331.1303 - Board of Trustees and Subsidiary Board; Powers Generally.

Section 331.1304 - Board of Trustees and Subsidiary Board; Additional Powers.

Section 331.1305 - Powers of Local Governmental Unit Generally.

Section 331.1305a - Restructure of Corporation or Subsidiary Corporation as Nonprofit.

Section 331.1306 - Board of Trustees or Subsidiary Board; Sale or Transfer of Ownership or Operation; Terms; Acceptance of Notes, Bonds, or Obligations; Discrimination Prohibited; Approval of Transfer; Transfer Not to Impair Corporate Obligation, Bon...

Section 331.1307 - Definitions; Retention of Employees; Continuation of Collective Bargaining Agreements; Bargaining Representative; Standing of Employee to Commence Action; Rescission of Transactions; Continued Participation in Federal Old Age, Surv...