Section 450.2251 - Corporate purposes; conduct of lawful activities during war or national emergency. - Michigan Statutes

State Codes and Statutes

Statutes > Michigan > Chapter-450 > Act-162-of-1982 > 162-1982-2 > Section-450-2251

NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982

450.2251 Corporate purposes; conduct of lawful activities during war or national emergency.

Sec. 251.

(1) Except if required by law to incorporate under another statute of this state, a corporation may be formed under this act for any lawful purposes not involving pecuniary gain or profit for its officers, directors, shareholders, or members.

(2) In time of war or other national emergency, a corporation may conduct any lawful activity, including any business activity, in aid thereof, notwithstanding the purposes set forth in its articles of incorporation, at the request or direction of a competent governmental authority.

History: 1982, Act 162, Eff. Jan. 1, 1983

State Codes and Statutes

Statutes > Michigan > Chapter-450 > Act-162-of-1982 > 162-1982-2 > Section-450-2251

NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982

450.2251 Corporate purposes; conduct of lawful activities during war or national emergency.

Sec. 251.

(1) Except if required by law to incorporate under another statute of this state, a corporation may be formed under this act for any lawful purposes not involving pecuniary gain or profit for its officers, directors, shareholders, or members.

(2) In time of war or other national emergency, a corporation may conduct any lawful activity, including any business activity, in aid thereof, notwithstanding the purposes set forth in its articles of incorporation, at the request or direction of a competent governmental authority.

History: 1982, Act 162, Eff. Jan. 1, 1983

State Codes and Statutes

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State Codes and Statutes

Statutes > Michigan > Chapter-450 > Act-162-of-1982 > 162-1982-2 > Section-450-2251

NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982

450.2251 Corporate purposes; conduct of lawful activities during war or national emergency.

Sec. 251.

(1) Except if required by law to incorporate under another statute of this state, a corporation may be formed under this act for any lawful purposes not involving pecuniary gain or profit for its officers, directors, shareholders, or members.

(2) In time of war or other national emergency, a corporation may conduct any lawful activity, including any business activity, in aid thereof, notwithstanding the purposes set forth in its articles of incorporation, at the request or direction of a competent governmental authority.

History: 1982, Act 162, Eff. Jan. 1, 1983