Sec. 123.
(1) Unless otherwise provided in, or inconsistent with, the act under which a corporation is or has been formed, this act applies to deposit and security companies, summer resort associations, brine pipeline companies, telegraph companies, telephone companies, safety and collateral deposit companies, canal, river, and harbor improvement companies, cemetery, burial, and cremation associations, railroad, bridge, and tunnel companies, and agricultural and horticultural fair societies. The entities specified in this subsection shall not be incorporated under this act.
(2) This act does not apply to insurance, surety, savings and loan associations, fraternal benefit societies, and banking corporations.
History: 1972, Act 284, Eff. Jan. 1, 1973 ;-- Am. 1978, Act 32, Imd. Eff. Feb. 24, 1978 ;-- Am. 1982, Act 407, Eff. Jan. 1, 1983 ;-- Am. 1989, Act 121, Eff. Oct. 1, 1989 ;-- Am. 1993, Act 357, Imd. Eff. Jan. 14, 1994 ;-- Am. 2001, Act 57, Imd. Eff. July 23, 2001 ;-- Am. 2012, Act 569, Imd. Eff. Jan. 2, 2013
Structure Michigan Compiled Laws
Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)
284-1972-1 - Chapter 1 General Provisions (450.1101...450.1151)
Section 450.1101 - Short Title.
Section 450.1103 - Liberal Construction; Purposes and Policies of Act.
Section 450.1104 - Definitions Controlling Interpretation of Act.
Section 450.1105 - Definitions; A, B.
Section 450.1106 - Definitions; C to E.
Section 450.1107 - Definitions; F to I.
Section 450.1108 - Definitions; N to P.
Section 450.1109 - Definitions; S.
Section 450.1110 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1121 - Applicability of Act to Domestic and Foreign Corporations.
Section 450.1123 - Applicability of Act Generally.
Section 450.1125 - Applicability to Foreign Commerce, Interstate Commerce, and Federal Corporations.
Section 450.1127 - Applicability to Existing Corporations; Saving Clause.
Section 450.1129 - Amendment or Repeal of Act.
Section 450.1132 - Filed Documents; Language, Form, Execution, and Contents.
Section 450.1141 - Corporate Action Without Notice or Lapse of Prescribed Time Period.