BUSINESS CORPORATION ACT (EXCERPT) Act 284 of 1972
450.1202 Articles of incorporation; contents.
Sec. 202.
The articles of incorporation shall contain all of the following:
(a) The name of the corporation.
(b) The purposes for which the corporation is formed. It is a sufficient compliance with this subdivision to state substantially, alone or with specifically enumerated purposes, that the corporation may engage in any activity within the purposes for which corporations may be formed under the business corporation act, and all activities shall by the statement be considered within the purposes of the corporation, subject to expressed limitations. Any corporation which proposes to conduct educational purposes shall state the purposes and shall comply with all requirements of sections 170 to 177 of Act No. 327 of the Public Acts of 1931, being sections 450.170 to 450.177 of the Michigan Compiled Laws.
(c) The aggregate number of shares which the corporation has authority to issue.
(d) If the shares are, or are to be, divided into classes, or into classes and series, the designation of each class and series, the number of shares in each class and series, and a statement of the relative rights, preferences and limitations of the shares of each class and series, to the extent that the designations, numbers, relative rights, preferences, and limitations have been determined.
(e) If any class of shares is to be divided into series, a statement of any authority vested in the board to divide the class of shares into series, and to determine or change for any series its designation, number of shares, relative rights, preferences and limitations.
(f) The street address, and the mailing address if different from the street address, of the corporation's initial registered office and the name of the corporation's initial resident agent at that address.
(g) The names and addresses of the incorporators.
(h) The duration of the corporation if other than perpetual.
BUSINESS CORPORATION ACT (EXCERPT) Act 284 of 1972
450.1202 Articles of incorporation; contents.
Sec. 202.
The articles of incorporation shall contain all of the following:
(a) The name of the corporation.
(b) The purposes for which the corporation is formed. It is a sufficient compliance with this subdivision to state substantially, alone or with specifically enumerated purposes, that the corporation may engage in any activity within the purposes for which corporations may be formed under the business corporation act, and all activities shall by the statement be considered within the purposes of the corporation, subject to expressed limitations. Any corporation which proposes to conduct educational purposes shall state the purposes and shall comply with all requirements of sections 170 to 177 of Act No. 327 of the Public Acts of 1931, being sections 450.170 to 450.177 of the Michigan Compiled Laws.
(c) The aggregate number of shares which the corporation has authority to issue.
(d) If the shares are, or are to be, divided into classes, or into classes and series, the designation of each class and series, the number of shares in each class and series, and a statement of the relative rights, preferences and limitations of the shares of each class and series, to the extent that the designations, numbers, relative rights, preferences, and limitations have been determined.
(e) If any class of shares is to be divided into series, a statement of any authority vested in the board to divide the class of shares into series, and to determine or change for any series its designation, number of shares, relative rights, preferences and limitations.
(f) The street address, and the mailing address if different from the street address, of the corporation's initial registered office and the name of the corporation's initial resident agent at that address.
(g) The names and addresses of the incorporators.
(h) The duration of the corporation if other than perpetual.
BUSINESS CORPORATION ACT (EXCERPT) Act 284 of 1972
450.1202 Articles of incorporation; contents.
Sec. 202.
The articles of incorporation shall contain all of the following:
(a) The name of the corporation.
(b) The purposes for which the corporation is formed. It is a sufficient compliance with this subdivision to state substantially, alone or with specifically enumerated purposes, that the corporation may engage in any activity within the purposes for which corporations may be formed under the business corporation act, and all activities shall by the statement be considered within the purposes of the corporation, subject to expressed limitations. Any corporation which proposes to conduct educational purposes shall state the purposes and shall comply with all requirements of sections 170 to 177 of Act No. 327 of the Public Acts of 1931, being sections 450.170 to 450.177 of the Michigan Compiled Laws.
(c) The aggregate number of shares which the corporation has authority to issue.
(d) If the shares are, or are to be, divided into classes, or into classes and series, the designation of each class and series, the number of shares in each class and series, and a statement of the relative rights, preferences and limitations of the shares of each class and series, to the extent that the designations, numbers, relative rights, preferences, and limitations have been determined.
(e) If any class of shares is to be divided into series, a statement of any authority vested in the board to divide the class of shares into series, and to determine or change for any series its designation, number of shares, relative rights, preferences and limitations.
(f) The street address, and the mailing address if different from the street address, of the corporation's initial registered office and the name of the corporation's initial resident agent at that address.
(g) The names and addresses of the incorporators.
(h) The duration of the corporation if other than perpetual.
