Michigan § 450.2528 - Executive committee designated under MCL 450.2527(1) or (3); powers and authority; subcommittees.
Full text of Michigan Michigan Compiled Laws § 450.2528 — Executive committee designated under MCL 450.2527(1) or (3); powers and authority; subcommittees., with citation guidance and answers to common questions.
§ 450.2528. Executive committee designated under MCL 450.2527(1) or (3); powers and authority; subcommittees.
(1) An executive committee that is designated under section 527(1) or (3), to the extent provided in the resolution of the board, in the articles of incorporation, or in the bylaws, may exercise any or all powers and authority of the board in management of the business and affairs of the corporation. An executive committee does not have power or authority to do any of the following:
(a) Amend the articles of incorporation.
(b) Adopt an agreement of merger or conversion.
(c) Recommend to shareholders or members the sale, lease, or exchange of all or substantially all of the corporation's property and assets.
(d) Recommend to shareholders or members a dissolution of the corporation or a revocation of a dissolution.
(e) Amend the bylaws of the corporation.
(f) Fill vacancies in the board.
(g) Fix compensation of the directors for serving on the board or on a committee.
(h) Cancel shares or terminate memberships.
(2) Unless the resolution, articles of incorporation, or bylaws expressly provide the power or authority, an executive committee does not have power or authority to declare a distribution authorized under section 301 or to authorize the issuance of shares or memberships.
(3) Unless otherwise provided in the resolution, articles of incorporation, or bylaws, an executive committee may create 1 or more subcommittees. Each subcommittee shall consist of 1 or more members of the committee. An executive committee or the board may delegate to a subcommittee any or all of the powers and authority of the committee.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.2528
What does Michigan Compiled Laws § 450.2528 cover?
Section 450.2528 ("Executive committee designated under MCL 450.2527(1) or (3); powers and authority; subcommittees.") 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 § 450.2528?
A common citation format is "Michigan Compiled Laws § 450.2528" (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 § 450.2528 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.