Mich. Comp. Laws § 450.734
Powers of department generally.
Michigan · Michigan Compiled Laws — THE EMPLOYEE-OWNED CORPORATION ACT (Act 152 of 1985) · Status: effective
Cite this
- Citation
- Mich. Comp. Laws § 450.734, Powers of department generally, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1363522
- Permanent ID
ys:prov:1363522@1- SHA-256
5e57df75bba301ad29edb4507920d45f370f2d59251f1075979fa284879f2b06
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
The department may do all of the following:
(a) Develop, collect, and disseminate information useful to persons and organizations throughout the state in undertaking or promoting the establishment and successful operation of employee-owned corporations.
(b) Evaluate the feasibility and economic viability of a proposed employee-owned corporation.
(c) Provide technical assistance and counseling services to persons who seek to form an employee-owned corporation.
(d) Provide assistance, counseling, and training in the operation of an employee-owned corporation.
(e) Assist persons in obtaining financing for the purchase and operation of an employee-owned corporation.
(f) Promote and coordinate the efforts of local, state, federal, and private agencies to assist in the formation or operation of an employee-owned corporation.
(g) Recommend appropriate legislative or executive action to enhance opportunities for employee-owned corporations in this state.