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Code · Michigan · Chapter 125 — Planning, Housing, and Zoning

125.2617 Disclosure of interest in matter before corporation.

77 words·~1 min read·/mi/chapter-125/125-2617

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125.2617 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.
History: 1995, Act 123, Imd. Eff. June 30, 1995
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