{"data":{"id":"us-mi/mich.-comp.-laws-450.1209","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 450.1209","heading":"Articles of incorporation; permissible provisions.","body":"Sec. 209.\n\nThe articles of incorporation may contain any provision not inconsistent with this act or another statute of this state, including any of the following:\n\nA provision for management of the business and conduct of the affairs of the corporation, or creating, defining, limiting, or regulating the powers of the corporation, its directors and shareholders, or a class of shareholders.\n\nA provision that under this act is required or permitted to be set forth in the bylaws.\n\nA provision eliminating or limiting a director's liability to the corporation or its shareholders for money damages for any action taken or any failure to take any action as a director, except liability for any of the following:\n\nThe amount of a financial benefit received by a director to which he or she is not entitled.\n\nIntentional infliction of harm on the corporation or the shareholders.\n\nA violation of section 551.\n\nAn intentional criminal act.\n\nIf the articles of incorporation contain a provision eliminating the liability of a director prior to the amendatory act that amended subsection (1) and added this subsection, that provision shall be considered to eliminate the liability of a director as provided in subsection (1)(c).","path":["MI Code","Chapter 450","Act Act-284-of-1972"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-450-1209","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"e810a6ab81ce91c703346a9bc682b7fecf9b205fc12ec7d198ac50ba3031f935","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-450.1205","next":"us-mi/mich.-comp.-laws-450.1211"},"notice":"GroundRules: Original legal text. Not legal advice."}