Michigan § 125.2577 Disclosure of interest in matter before corporation.

Michigan Statutes

§ 125.2577 — Disclosure of interest in matter before corporation.

Michigan § 125.2577

Ch. 125PLANNING, HOUSING, AND ZONING

Act 75 of 1995EMPOWERMENT ZONE DEVELOPMENT CORPORATION ACT (125.2561-125.2591)

This text of Michigan § 125.2577 (Disclosure of interest in matter before corporation.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 125.2577 (2026).

Text

EMPOWERMENT ZONE DEVELOPMENT CORPORATION ACT (EXCERPT) Act 75 of 1995 125.2577 Disclosure of interest in matter before corporation. Sec.

17.A director who has either a direct or indirect interest in a matter before the corporation shall disclose that interest before the corporation takes action on the matter. This disclosure shall be made a part of the record of the corporation's official proceedings and the interested director shall refrain from participation in the corporation relating to the matter.

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EMPOWERMENT ZONE DEVELOPMENT CORPORATION ACT (EXCERPT) Act 75 of 1995 125.2577 Disclosure of interest in matter before corporation. Sec. 17. A director who has either a direct or indirect interest in a matter before the corporation shall disclose that interest before the corporation takes action on the matter. This disclosure shall be made a part of the record of the corporation's official proceedings and the interested director shall refrain from participation in the corporation relating to the matter.