Section 331.1208 - Articles of incorporation; amendment. - Michigan Statutes

MUNICIPAL HEALTH FACILITIES CORPORATIONS ACT (EXCERPT)
Act 230 of 1987

331.1208 Articles of incorporation; amendment.

Sec. 208.

The articles of incorporation of a corporation may be amended by resolution approved by the affirmative vote of a majority of the members serving on the county board of commissioners. The articles of incorporation of a subsidiary corporation may be amended by resolution approved by the affirmative vote of a majority of the trustees serving on the board of trustees of the parent corporation. The county clerk shall file certified copies of any amendment in his or her office, with the secretary of state, and with the secretary of the corporation or subsidiary corporation. The amendment shall be effective upon filing with the secretary of state unless a later effective date is specified in the resolution adopting the amendment. Articles of incorporation may be amended to include any provision which could be lawfully included in articles of incorporation initially adopted under this act at the time the amendment is approved, and may provide for the alteration or changing of the name, structure, organization, purposes, powers, programs, or activities of the corporation or subsidiary corporation. However, an amendment shall not be effective to impair the obligation of a corporation obligation, bond, note, or contract.

History: 1987, Act 230, Eff. Feb. 27, 1988