Mich. Comp. Laws § 450.1251
Formation of corporation for lawful purpose; exception; aiding national emergency.
Michigan · Michigan Compiled Laws — BUSINESS CORPORATION ACT (Act 284 of 1972) · Status: effective
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- Citation
- Mich. Comp. Laws § 450.1251, Formation of corporation for lawful purpose; exception; aiding national emergency, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1363597
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Full text
(1) 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.
(2) 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.