Source: http://www.workercooplaw.org/michigan
Timestamp: 2018-05-20 09:39:47
Document Index: 134349662

Matched Legal Cases: ['§ 450', '§ 450', '§ 450', '§ 450', '§ 450', '§ 450', '§ 450', '§ 450']

Michigan — Worker Cooperative Law Project
Michigan does not have an independent worker cooperative statute; however, the act prescribes the powers and duties of the department of labor and the department of commerce relative to the formation of employee-owned corporations—and provides a definition of the "worker cooperative."
§ 450.731. Short title
Sec. 1. This act shall be known and may be cited as “the employee-owned corporation act”.
§ 450.732. Definitions
§ 450.733. Program to assist development of employee-owned corporations
Sec. 3. 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.
§ 450.734. Powers of department
Sec. 4. The department may do all of the following:
(a) Develop, collect, and disseminate information useful to persons and organizations throughout the state in undertaking or promoting the establishment and successful operation of employee-owned corporations.
(b) Evaluate the feasibility and economic viability of a proposed employee-owned corporation.
(c) Provide technical assistance and counseling services to persons who seek to form an employee-owned corporation.
(d) Provide assistance, counseling, and training in the operation of an employee-owned corporation.
(e) Assist persons in obtaining financing for the purchase and operation of an employee-owned corporation.
(f) Promote and coordinate the efforts of local, state, federal, and private agencies to assist in the formation or operation of an employee-owned corporation.
(g) Recommend appropriate legislative or executive action to enhance opportunities for employee-owned corporations in this state.
§ 450.735. Principal departments and economic advisory council; assistance to department
Sec. 5. Each principal department and the economic advisory council, as established by law, shall assist the department of labor, upon its request, in implementing section 4.
§ 450.736. Notice of decision to effect closing or relocation
Sec. 6. The department shall encourage those business establishments considering a decision to effect a closing or relocation of operations relative to an establishment located in this state to give notice of that decision as early as possible to the department, the employees of the affected establishment, any employee organization representing the employees, and the community in which the affected establishment is located.
§ 450.737. Study of feasibility of employee-owned corporation establishment; informational meeting
Sec. 7. If the department becomes aware pursuant to a request that a business establishment is closing or relocating operations, the department may conduct an initial study of the feasibility of the employees of the corporation establishing an employee- owned corporation to continue the operations of the affected establishment or to operate another business and may call an informational meeting of representatives of the local community, the corporation involved, representatives of any employee bargaining unit, and affected employees to explain the services available from the department relative to the formation of an employee-owned corporation.
§ 450.738. Contingent effect
Sec. 8. This act shall not take effect unless House Bill No. 4614 of the 83rd Legislature is enacted into law.