Michigan § 450.733 - Program to assist in developing employee-owned corporations; establishment; operation; duty of department.
Full text of Michigan Michigan Compiled Laws § 450.733 — Program to assist in developing employee-owned corporations; establishment; operation; duty of department., with citation guidance and answers to common questions.
§ 450.733. Program to assist in developing employee-owned corporations; establishment; operation; duty of department.
The department, in cooperation with the department of commerce, shall establish a program to assist in developing employee-owned corporations. The program may operate when an establishment is closing or transferring operations resulting in a loss of jobs and when a request for assistance is made by an affected individual or group of individuals. When such a request is made, it shall be held in confidence by the department. The program also shall operate when workers of an existing or new establishment wish to develop an employee-owned corporation and request assistance. The department shall inform local government, business organizations, labor organizations, and others in the state of the availability of this program and services authorized by this act.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.733
What does Michigan Compiled Laws § 450.733 cover?
Section 450.733 ("Program to assist in developing employee-owned corporations; establishment; operation; duty of department.") 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 § 450.733?
A common citation format is "Michigan Compiled Laws § 450.733" (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 § 450.733 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.