Chapter
DIRECTORS AND OFFICERS
- Mich. Comp. Laws § 450.1501— Management of corporation; qualifications of director
- Mich. Comp. Laws § 450.1505— Number, election, and term of directors; resignation; designation, compensation, and expenses of independent director; communication of independent director with shareholders
- Mich. Comp. Laws § 450.1506— Division of directors into classes; terms of directors in first, second, or third class; election
- Mich. Comp. Laws § 450.1511— Removal of directors by shareholders
- Mich. Comp. Laws § 450.1514— Removal of director by court
- Mich. Comp. Laws § 450.1515a— Filling vacancy in board
- Mich. Comp. Laws § 450.1521— Regular or special meetings of board
- Mich. Comp. Laws § 450.1523— Quorum; majority vote as constituting action of board
- Mich. Comp. Laws § 450.1525— Consent to action of board without meeting
- Mich. Comp. Laws § 450.1527— Committees; designation by board; membership; absence or disqualification of member; terms
- Mich. Comp. Laws § 450.1528— Committees; powers and authority; limitations; subcommittees
- Mich. Comp. Laws § 450.1529— Submission of matter to shareholder vote
- Mich. Comp. Laws § 450.1531— Officers of corporation; election or appointment; holding 2 or more offices; authority and duties
- Mich. Comp. Laws § 450.1535— Removal or resignation of officers; contract rights
- Mich. Comp. Laws § 450.1541a— Director or officer; manner of discharging duties; reliance on information, opinions, reports, or statements; action against director or officer; limitations
- Mich. Comp. Laws § 450.1545a— Interest of director or officer in transaction; compensation of directors
- Mich. Comp. Laws § 450.1548— Loan, guaranty, or assistance by corporation to director, officer, or employee
- Mich. Comp. Laws § 450.1551— Liability of directors for corporate actions; liability of shareholders accepting or receiving share dividend or distribution
- Mich. Comp. Laws § 450.1552— Rights of director against whom claim is successfully asserted under MCL 450.1551
- Mich. Comp. Laws § 450.1553— Presumption of concurrence by director in corporation action; effect of dissent
- Mich. Comp. Laws § 450.1554— Action against director or shareholder; limitation
- Mich. Comp. Laws § 450.1561— Indemnification of certain persons generally
- Mich. Comp. Laws § 450.1562— Additional provisions for indemnification of certain persons
- Mich. Comp. Laws § 450.1563— Indemnification against actual and reasonable expenses
- Mich. Comp. Laws § 450.1564a— Indemnification under MCL 450.1561, MCL 450.1562, or MCL 450.1563; determination and evaluation; designation of committee or selection of independent legal counsel; partial indemnification; payment authorization; indemnification for expenses and liabilities
- Mich. Comp. Laws § 450.1564b— Payment or reimbursement of party in advance of final disposition of proceeding; undertaking as unlimited general obligation; evaluation of reasonableness; advancement of expenses
- Mich. Comp. Laws § 450.1564c— Application for indemnification to court; determination
- Mich. Comp. Laws § 450.1565— Limitation on total amount of expenses advanced or indemnified; duration of indemnification; elimination or impairment
- Mich. Comp. Laws § 450.1567— Liability insurance
- Mich. Comp. Laws § 450.1569— “Corporation” defined for purposes of MCL 450.1561 to 450.1567; "business organization" defined
- Mich. Comp. Laws § 450.1571— Definitions