284-1972-5 Chapter 5 Directors and Officers (450.1501...450.1571)

284-1972-5 Chapter 5 Directors and Officers (450.1501...450.1571)

Section 450.1501 Management of Corporation; Qualifications of Director.
Section 450.1505 Number, Election, and Term of Directors; Resignation; Designation, Compensation, and Expenses of Independent Director; Communication of Independent Director With Shareholders.
Section 450.1506 Division of Directors Into Classes; Terms of Directors in First, Second, or Third Class; Election.
Section 450.1511 Removal of Directors by Shareholders.
Section 450.1514 Removal of Director by Court.
Section 450.1515 Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1515a Filling Vacancy in Board.
Section 450.1521 Regular or Special Meetings of Board.
Section 450.1523 Quorum; Majority Vote as Constituting Action of Board.
Section 450.1525 Consent to Action of Board Without Meeting.
Section 450.1527 Committees; Designation by Board; Membership; Absence or Disqualification of Member; Terms.
Section 450.1528 Committees; Powers and Authority; Limitations; Subcommittees.
Section 450.1529 Submission of Matter to Shareholder Vote.
Section 450.1531 Officers of Corporation; Election or Appointment; Holding 2 or More Offices; Authority and Duties.
Section 450.1535 Removal or Resignation of Officers; Contract Rights.
Section 450.1541 Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1541a Director or Officer; Manner of Discharging Duties; Reliance on Information, Opinions, Reports, or Statements; Action Against Director or Officer; Limitations.
Section 450.1545 Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1545a Interest of Director or Officer in Transaction; Compensation of Directors.
Section 450.1546 Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1548 Loan, Guaranty, or Assistance by Corporation to Director, Officer, or Employee.
Section 450.1551 Liability of Directors for Corporate Actions; Liability of Shareholders Accepting or Receiving Share Dividend or Distribution.
Section 450.1552 Rights of Director Against Whom Claim Is Successfully Asserted Under Mcl 450.1551.
Section 450.1553 Presumption of Concurrence by Director in Corporation Action; Effect of Dissent.
Section 450.1554 Action Against Director or Shareholder; Limitation.
Section 450.1561 Indemnification of Certain Persons Generally.
Section 450.1562 Additional Provisions for Indemnification of Certain Persons.
Section 450.1563 Indemnification Against Actual and Reasonable Expenses.
Section 450.1564 Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 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.
Section 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.
Section 450.1564c Application for Indemnification to Court; Determination.
Section 450.1565 Limitation on Total Amount of Expenses Advanced or Indemnified; Duration of Indemnification; Elimination or Impairment.
Section 450.1567 Liability Insurance.
Section 450.1569 “Corporation” Defined for Purposes of Mcl 450.1561 to 450.1567; "Business Organization" Defined.
Section 450.1571 Definitions.

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