Michigan § 450.734 Powers of department generally.

Michigan Statutes

§ 450.734 — Powers of department generally.

Michigan § 450.734

Ch. 450CORPORATIONS

Act 152 of 1985THE EMPLOYEE-OWNED CORPORATION ACT (450.731-450.738)

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Bluebook

Mich. Comp. Laws § 450.734 (2026).

Text

THE EMPLOYEE-OWNED CORPORATION ACT (EXCERPT) Act 152 of 1985 450.734 Powers of department generally. Sec. 4. The department may do all of the following:

(a)Develop, collect, and disseminate information useful to persons and organizations throughout the state in undertaking or promoting the establishment and successful operation of employee-owned corporations.

(b)Evaluate the feasibility and economic viability of a proposed employee-owned corporation.

(c)Provide technical assistance and counseling services to persons who seek to form an employee-owned corporation.

(d)Provide assistance, counseling, and training in the operation of an employee-owned corporation.

(e)Assist persons in obtaining financing for the purchase and operation of an employee-owned corporation.

(f)Promote and coor

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THE EMPLOYEE-OWNED CORPORATION ACT (EXCERPT) Act 152 of 1985 450.734 Powers of department generally. Sec. 4. The department may do all of the following: (a) Develop, collect, and disseminate information useful to persons and organizations throughout the state in undertaking or promoting the establishment and successful operation of employee-owned corporations. (b) Evaluate the feasibility and economic viability of a proposed employee-owned corporation. (c) Provide technical assistance and counseling services to persons who seek to form an employee-owned corporation. (d) Provide assistance, counseling, and training in the operation of an employee-owned corporation. (e) Assist persons in obtaining financing for the purchase and operation of an employee-owned corporation. (f) Promote and coordinate the efforts of local, state, federal, and private agencies to assist in the formation or operation of an employee-owned corporation. (g) Recommend appropriate legislative or executive action to enhance opportunities for employee-owned corporations in this state.