Mich. Comp. Laws § 450.1251: Formation of corporation for lawful purpose; exception; aiding national emergency.
Where this section sits in the code
- MI Code
- Chapter 450
- Act Act-284-of-1972
Sec. 251.
A corporation may be formed under this act for any lawful purpose, except to engage in a business for which a corporation may be formed under any other statute of this state unless that statute permits formation under this act.
In time of war or other national emergency, a corporation may take any lawful action to provide aid, notwithstanding the purposes set forth in its articles of incorporation, at the request or direction of a competent governmental authority.
Collected 2026-09-14T18:32:31Z. Source file · JSON