750.155 Violation by corporation forfeits charter; quo warranto.
206 words·~1 min read·
/mi/chapter-750/750-155A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
750.155 Violation by corporation forfeits charter; quo warranto.
Sec. 155.
Quo warranto against offending corporations—It shall be the duty of the attorney general upon his own relation, or upon the relation of any private person, whenever he shall have good reasons to believe that the same can be established by proof, to file an information in the nature of a quo warranto against any corporation offending against any of the provisions of this chapter; and thereupon the same proceedings shall be had as provided by chapter 38 of Act No. 314 of the Public Acts of 1915, being sections 15271 to 15300 inclusive of the Compiled Laws of 1929, relating to proceedings by information in the nature of quo warranto, against corporations offending against any of the provisions of the act or acts creating, altering or renewing such corporations, and in other cases.
History: 1931, Act 328, Eff. Sept. 18, 1931 ;-- CL 1948, 750.155
Compiler's Notes: Act 314 of 1915, referred to in this section, was repealed by Act 236 of 1961. See now MCL 600.101 et seq.
Former Law: See section 5 of Act 225 of 1889, being How., § 9354n; CL 1897, § 11381; CL 1915, § 15099; and CL 1929, § 16678.