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Form a Business

Disclosure of interest in matter before corporation.

MCL 125.2577
in effect
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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. 1995, Act 75, Imd. Eff. June 13, 1995
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-125-2577Fetched: 10/20/2026

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