Michigan § 331.1301 - Corporation and subsidiary corporation; powers generally.

Full text of Michigan Michigan Compiled Laws § 331.1301 — Corporation and subsidiary corporation; powers generally., with citation guidance and answers to common questions.

§ 331.1301. Corporation and subsidiary corporation; powers generally.

Sec. 301.

Each corporation and subsidiary corporation governed by this act shall possess all of the powers necessary to carry out the purposes of its incorporation and those incident thereto. Such powers shall be vested in and exercised by its board of trustees or subsidiary board. The enumeration of any powers in this act shall not be considered as a limitation upon the general powers of the corporation or subsidiary corporation.

Source: official Michigan text · Last verified 2026-08-27

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Frequently Asked Questions About Michigan § 331.1301

What does Michigan Compiled Laws § 331.1301 cover?

Section 331.1301 ("Corporation and subsidiary corporation; powers generally.") 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 § 331.1301?

A common citation format is "Michigan Compiled Laws § 331.1301" (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 § 331.1301 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.