PocketLaw | Michigan Compiled Laws | Chapter 5 (450.2501...450.2571)

Regular or Special Meetings of Board; Location; Notice; Attendance or Participation as Waiver of Notice; Participation by Means of Conference Telephone or Other Remote Communication.

Section
450.2523

Quorum; Vote Constituting Action of Board or Committee; Amendment of Bylaws.

Section
450.2525

Taking Action Without Meeting; Consent.

Section
450.2527

Designation of Committees; Membership; Alternates; Absent or Disqualified Member; Providing for Election or Appointment of Committees in Articles or Bylaws.

Section
450.2528

Executive Committee Designated Under MCL 450.2527(1) or (3); Powers and Authority; Subcommittees.

Section
450.2529

Submitting Matter to Vote.

Section
450.2531

Officers of Corporation; Membership; Election or Appointment; Individual Holding 2 or More Offices; Term of Office; Authority and Duties.

Section
450.2535

Removal of Officer; Suspension of Authority to Act; Contract Rights; Resignation of Officer; Notice.

Section
450.2541

Director or Officer; Discharge of Duties; Manner; Reliance on Certain Information; Compliance; Liability; Claim for Monetary Damages for Breach of Volunteer Director's Duty; Commencement of Action.

Section
450.2545

Liability of Directors for Certain Corporate Actions; Liability of Shareholder or Member Accepting or Receiving Distribution Contrary to Act.

Section
450.2552

Rights of Director Against Whom Claim Successfully Asserted Under MCL 450.2551.

Section
450.2553

Presence or Absence of Director at Meeting at Which Action Under MCL 450.2551 Taken; Presumption; Dissent.

Section
450.2554

Commencement of Action Under MCL 450.2551 or 450.2552.

Section
450.2556

Volunteer's Acts or Omissions; Claim for Monetary Damages.

Section
450.2561

Indemnification of Director, Officer, Partner, Trustee, Employee, Nondirector Volunteer, or Agent in Connection With Action, Suit, or Proceeding; Conditions; Presumption.

Section
450.2562

Indemnification Against Expenses of Director, Officer, Partner, Trustee, Employee, Nondirector Volunteer, or Agent in Connection With Action or Suit by or in Right of Corporation; Conditions; Limitations.

Section
450.2563

Indemnification for Expenses of Director, Officer, or Nondirector Volunteer Successful in Defense of Action, Suit, or Proceeding Referred to in MCL 450.2561 or 450.2562.

Section
450.2564

Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.

Section
450.2564a

Indemnification of Director, Officer, Employee, Nondirector Volunteer, or Agent Under MCL 450.2561 or 450.2562; Authorization; Basis; Determination; Evaluation; Designation of Committee or Selection of Legal Counsel; Indemnification for Portion of Expenses; Payment; Indemnification of Director for Expenses and Liabilities.

Section
450.2564b

Expenses Incurred by Director, Officer, Employee, Nondirector Volunteer, or Agent; Reimbursement; Agreement; Advances.

Section
450.2564c

Indemnification of Director, Officer, Employee, Nondirector Volunteer, or Agent; Application to Court; Determination.

Section
450.2565

Indemnification or Advance of Expenses Not Exclusive of Other Rights; Limitation; Continuation; Amended Provision.

Section
450.2567

Purchase and Maintenance of Insurance on Behalf of Director, Officer, Employee, Nondirector Volunteer, or Agent.

Section
450.2569

Scope of "Corporation" for Purposes of MCL 450.2561 to 450.2567.

Section
450.2571

Chapter 5 (450.2501...450.2571)

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Board of Directors; Management of Business and Affairs of Corporation; Qualifications; Powers.

Board of Directors; Minimum Age; Requirements.

Board; Number, Term, Election or Appointment, and Resignation of Directors.

Dividing Directors Up to 5 Classes; Election or Appointment; Term; Expiration.

Removal of Director; Vote.

Removal of Director by Circuit Court.

Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.

Vacancy.

Regular or Special Meetings of Board; Location; Notice; Attendance or Participation as Waiver of Notice; Participation by Means of Conference Telephone or Other Remote Communication.

Quorum; Vote Constituting Action of Board or Committee; Amendment of Bylaws.

Taking Action Without Meeting; Consent.

Designation of Committees; Membership; Alternates; Absent or Disqualified Member; Providing for Election or Appointment of Committees in Articles or Bylaws.

Executive Committee Designated Under MCL 450.2527(1) or (3); Powers and Authority; Subcommittees.

Submitting Matter to Vote.

Officers of Corporation; Membership; Election or Appointment; Individual Holding 2 or More Offices; Term of Office; Authority and Duties.

Removal of Officer; Suspension of Authority to Act; Contract Rights; Resignation of Officer; Notice.

Director or Officer; Discharge of Duties; Manner; Reliance on Certain Information; Compliance; Liability; Claim for Monetary Damages for Breach of Volunteer Director's Duty; Commencement of Action.

Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.

Transaction in Which Director or Officer Has Interest.

Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.

Loan, Guaranty, or Assistance by Corporation for Officer or Employee.

Liability of Directors for Certain Corporate Actions; Liability of Shareholder or Member Accepting or Receiving Distribution Contrary to Act.

Rights of Director Against Whom Claim Successfully Asserted Under MCL 450.2551.

Presence or Absence of Director at Meeting at Which Action Under MCL 450.2551 Taken; Presumption; Dissent.

Commencement of Action Under MCL 450.2551 or 450.2552.

Volunteer's Acts or Omissions; Claim for Monetary Damages.

Indemnification of Director, Officer, Partner, Trustee, Employee, Nondirector Volunteer, or Agent in Connection With Action, Suit, or Proceeding; Conditions; Presumption.

Indemnification Against Expenses of Director, Officer, Partner, Trustee, Employee, Nondirector Volunteer, or Agent in Connection With Action or Suit by or in Right of Corporation; Conditions; Limitations.

Indemnification for Expenses of Director, Officer, or Nondirector Volunteer Successful in Defense of Action, Suit, or Proceeding Referred to in MCL 450.2561 or 450.2562.

Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.

Expenses Incurred by Director, Officer, Employee, Nondirector Volunteer, or Agent; Reimbursement; Agreement; Advances.

Indemnification of Director, Officer, Employee, Nondirector Volunteer, or Agent; Application to Court; Determination.

Indemnification or Advance of Expenses Not Exclusive of Other Rights; Limitation; Continuation; Amended Provision.

Purchase and Maintenance of Insurance on Behalf of Director, Officer, Employee, Nondirector Volunteer, or Agent.

Scope of "Corporation" for Purposes of MCL 450.2561 to 450.2567.

Definitions.