Michigan § 450.1287 - Professional services; limitation.
Full text of Michigan Michigan Compiled Laws § 450.1287 — Professional services; limitation., with citation guidance and answers to common questions.
§ 450.1287. Professional services; limitation.
(1) A professional corporation shall not engage in any business other than providing the professional service or services for which it was specifically incorporated.
(2) This chapter does not prohibit a professional corporation from doing any of the following:
(a) Investing its money in real estate, mortgages, stocks, bonds, or any other type of investments.
(b) Owning real or personal property necessary to provide a professional service or services.
(c) Becoming a partner in a partnership formed under the uniform partnership act, 1917 PA 72, MCL 449.1 to 449.48, if the partnership provides 1 or more of the same professional services as the professional corporation.
(d) Becoming a member or manager of a professional limited liability company organized under or subject to chapter 9 of the Michigan limited liability company act, 1993 PA 23, MCL 450.4901 to 450.4910, if the professional limited liability company provides 1 or more of the same professional services as the professional corporation.
(e) Becoming a shareholder in a professional corporation governed by this chapter, if both professional corporations provide 1 or more of the same professional services.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.1287
What does Michigan Compiled Laws § 450.1287 cover?
Section 450.1287 ("Professional services; limitation.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 450.1287?
A common citation format is "Michigan Compiled Laws § 450.1287" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 450.1287 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.