Michigan § 450.2123 - Applicability to corporation formed under other act not repealed by this act; organizations to which act inapplicable.
Full text of Michigan Michigan Compiled Laws § 450.2123 — Applicability to corporation formed under other act not repealed by this act; organizations to which act inapplicable., with citation guidance and answers to common questions.
§ 450.2123. Applicability to corporation formed under other act not repealed by this act; organizations to which act inapplicable.
(1) Subject to subsection (3), unless otherwise provided in, and to the extent not inconsistent with, the act under which a corporation is or has been formed, this act applies to a corporation that is or has been formed under an act other than this act and not repealed by this act.
(2) A corporation described in subsection (1) includes, but is not limited to, any of the following:
(a) A cooperative corporation classified as a nonprofit corporation under section 98 of 1931 PA 327, MCL 450.98.
(b) A secret society or lodge.
(c) A trustee corporation that holds property for charitable, religious, benevolent, educational, or other public benefit purposes.
(d) A church trustee corporation.
(e) An educational corporation that is organized as a trustee corporation or a nonprofit corporation.
(f) An ecclesiastical corporation.
(g) A public building corporation.
(h) A street railway under the nonprofit street railway act, 1867 PA 35, MCL 472.1 to 472.27.
(3) Except as provided in subsection (2)(h), this act does not apply to insurance or surety companies, credit unions, savings and loan associations, fraternal benefit societies, railroad, bridge, or tunnel companies, union depot companies, or banking corporations.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.2123
What does Michigan Compiled Laws § 450.2123 cover?
Section 450.2123 ("Applicability to corporation formed under other act not repealed by this act; organizations to which act inapplicable.") 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 § 450.2123?
A common citation format is "Michigan Compiled Laws § 450.2123" (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 § 450.2123 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.