Michigan Laws 450.2124 – Requirements of other acts not modified; compliance; inconsistency between acts
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Terms Used In Michigan Laws 450.2124
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(1) This act does not modify the requirements of the following:
(a) The supervision of trustees for charitable purposes act, 1961 PA 101, MCL 14.251 to 14.266.
(b) 1965 PA 169, MCL 450.251 to 450.253.
(c) The charitable organizations and solicitations act, 1975 PA 169, MCL 400.271 to 400.294.
(d) The uniform prudent management of institutional funds act.
(e) The career development and distance learning act, 2002 PA 36, MCL 390.1571 to 390.1579.
(2) A corporation subject to 1 or more of the acts listed in subsection (1) shall comply with those acts and shall comply with this act. If there is any inconsistency between those acts and this act, those acts shall control.