reglab/housing_qa huggingface dataset:
MI Comp L § 449.2005 (2021)
2021 Michigan Compiled Laws|Chapter 449 - Partnerships|Act 213 of 1982 - Michigan Revised Uniform Limited Partnership Act (449.1101 - 449.2108)|Article 10 - (449.2001...449.2005)|Section 449.2005 - Awarding Expenses to Plaintiff in Successful Derivative Action; Remittance to Limited Partnership of Remainder of Proceeds; Exception; Action Brought Without Reasonable Cause; Payment of Defendants' Expenses by Plaintiff.

449.2005 Awarding expenses to plaintiff in successful derivative action; remittance to limited partnership of remainder of proceeds; exception; action brought without reasonable cause; payment of defendants' expenses by plaintiff. Sec. 1005.  (a) If a derivative action is successful, in whole or in part, or if anything is received by the plaintiff as a result of a judgment, compromise, or settlement of an action or claim, the court may award the plaintiff reasonable expenses, including reasonable attorneys' fees, and shall direct the plaintiff to remit to the limited partnership the remainder of those proceeds received by him or her. This subsection does not apply to a judgment rendered for the benefit of an injured limited partner only and limited to a recovery of the loss or damage sustained by him or her.  (b) In an action brought in the right of the limited partnership by a limited partner of the limited partnership, the court having jurisdiction, upon final judgment and finding that the action was brought without reasonable cause, may require the plaintiff to pay to the parties named as defendants the reasonable expenses, including fees of attorneys, incurred by them in the defense of the action. History: 1982, Act 213, Eff. Jan. 1, 1983
MI Comp L § 449.2101 (2021)
2021 Michigan Compiled Laws|Chapter 449 - Partnerships|Act 213 of 1982 - Michigan Revised Uniform Limited Partnership Act (449.1101 - 449.2108)|Article 11 - (449.2101...449.2108)|Section 449.2101 - Application and Construction of Act.

449.2101 Application and construction of act. Sec. 1101.  This act shall be so applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this act among states enacting it. History: 1982, Act 213, Eff. Jan. 1, 1983
MI Comp L § 449.2102 (2021)
2021 Michigan Compiled Laws|Chapter 449 - Partnerships|Act 213 of 1982 - Michigan Revised Uniform Limited Partnership Act (449.1101 - 449.2108)|Article 11 - (449.2101...449.2108)|Section 449.2102 - Short Title.

449.2102 Short title. Sec. 1102.  This act shall be known and may be cited as the “Michigan revised uniform limited partnership act”. History: 1982, Act 213, Eff. Jan. 1, 1983
MI Comp L § 449.2103 (2021)
2021 Michigan Compiled Laws|Chapter 449 - Partnerships|Act 213 of 1982 - Michigan Revised Uniform Limited Partnership Act (449.1101 - 449.2108)|Article 11 - (449.2101...449.2108)|Section 449.2103 - Severability.

449.2103 Severability. Sec. 1103.  If any provision of this act or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of the act which can be given effect without the invalid provision or application, and to this end the provisions of this act are severable. History: 1982, Act 213, Eff. Jan. 1, 1983
MI Comp L § 449.2104 (2021)
2021 Michigan Compiled Laws|Chapter 449 - Partnerships|Act 213 of 1982 - Michigan Revised Uniform Limited Partnership Act (449.1101 - 449.2108)|Article 11 - (449.2101...449.2108)|Section 449.2104 - Effective Date; Repeal of MCL 449.201 to 449.231.

449.2104 Effective date; repeal of MCL 449.201 to 449.231. Sec. 1104.  The effective date of this act is January 1, 1983 and, except as otherwise provided in section 1105, Act No. 110 of the Public Acts of 1931, as amended, being sections 449.201 to 449.231 of the Compiled Laws of 1970, is repealed. History: 1982, Act 213, Eff. Jan. 1, 1983
MI Comp L § 449.2106 (2021)
2021 Michigan Compiled Laws|Chapter 449 - Partnerships|Act 213 of 1982 - Michigan Revised Uniform Limited Partnership Act (449.1101 - 449.2108)|Article 11 - (449.2101...449.2108)|Section 449.2106 - Case Not Provided for in Act Governed by MCL 449.1 to 449.43.

449.2106 Case not provided for in act governed by MCL 449.1 to 449.43. Sec. 1106.  In any case not provided for in this act the provisions of the uniform partnership act, Act No. 72 of the Public Acts of 1917, as amended, being sections 449.1 to 449.43 of the Michigan Compiled Laws, govern. History: 1982, Act 213, Eff. Jan. 1, 1983
MI Comp L § 449.2107 (2021)
2021 Michigan Compiled Laws|Chapter 449 - Partnerships|Act 213 of 1982 - Michigan Revised Uniform Limited Partnership Act (449.1101 - 449.2108)|Article 11 - (449.2101...449.2108)|Section 449.2107 - Fee Schedule; Payment; Other Charges; Deposit and Use of Fees.

449.2107 Fee schedule; payment; other charges; deposit and use of fees. Sec. 1107.  (a) The fees to be paid to the administrator with respect to a limited partnership, for the purposes specified in this section, shall be as follows:  (1) Examining, filing, and copying a certificate of limited partnership, $10.00. However, a fee shall not be payable for examining and filing a certified copy of a certificate of limited partnership sent to the administrator by a county clerk pursuant to the provisions of section 1105(b).  (2) Examining, filing, and copying a certificate of amendment to a certificate of limited partnership, $10.00.  (3) Examining, filing, and copying a restated certificate of limited partnership, $10.00.  (4) Examining, filing, and copying a certificate of cancellation of a certificate of limited partnership, $10.00.  (5) Examining, filing, and copying an application for registration as a foreign limited partnership and issuance of a certificate of registration to transact business in this state, $10.00.  (6) Examining, filing, and copying a certificate correcting a statement contained in an application for registration of a foreign limited partnership, $10.00.  (7) Examining, filing, and copying a certificate of cancellation of the registration of a foreign limited partnership, $10.00.  (8) Examining, filing, and copying an application for reservation of a name, $10.00.  (9) Examining, filing, and copying a certificate of assumed name or certificate of termination of assumed name, $10.00.  (10) Examining, filing, and copying a certificate filed under section 304(a)(2), $10.00.  (b) These fees shall be paid to the administrator at the time of filing or when the service is rendered by the administrator.  (c) A minimum charge of $1.00 for each certificate and 50 cents per folio shall be paid to the administrator for certifying a part of a file or record pertaining to a domestic limited partnership or a foreign limited partnership for which provision for payment is not set forth in subsection (a). The administrator may furnish copies of documents, reports, and papers required or permitted by law to be filed with the administrator, and shall charge for those copies pursuant to a schedule of fees which the administrator shall adopt with the approval of the state administrative board.  (d) The fees received pursuant to this act shall be deposited in the state treasury to the credit of the administrator to be used solely to defray the costs incurred in the administration of this act. History: 1982, Act 213, Eff. Jan. 1, 1983 ;-- Am. 1986, Act 100, Eff. July 1, 1986
MI Comp L § 449.2108 (2021)
2021 Michigan Compiled Laws|Chapter 449 - Partnerships|Act 213 of 1982 - Michigan Revised Uniform Limited Partnership Act (449.1101 - 449.2108)|Article 11 - (449.2101...449.2108)|Section 449.2108 - Effective Date.

449.2108 Effective date. Sec. 1108.  This act shall take effect January 1, 1983. History: 1982, Act 213, Eff. Jan. 1, 1983
MI Comp L § 450.1101 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)|284-1972-1 - Chapter 1 General Provisions (450.1101...450.1151)|Section 450.1101 - Short Title.

450.1101 Short title. Sec. 101.  This act shall be known and may be cited as the "business corporation act". History: 1972, Act 284, Eff. Jan. 1, 1973
MI Comp L § 450.1103 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)|284-1972-1 - Chapter 1 General Provisions (450.1101...450.1151)|Section 450.1103 - Liberal Construction; Purposes and Policies of Act.

450.1103 Liberal construction; purposes and policies of act. Sec. 103.  This act shall be liberally construed and applied to promote its underlying purposes and policies which include all of the following:  (a) To simplify, clarify, and modernize the law governing business corporations.  (b) To provide a general corporate form for the conduct or promotion of a lawful business or purpose with variations and modifications from the form as interested parties in any corporation may agree upon, subject only to overriding interests of this state and of third parties.  (c) To give special recognition to the legitimate needs of close corporations. History: 1972, Act 284, Eff. Jan. 1, 1973 ;-- Am. 1989, Act 121, Eff. Oct. 1, 1989
MI Comp L § 450.1104 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)|284-1972-1 - Chapter 1 General Provisions (450.1101...450.1151)|Section 450.1104 - Definitions Controlling Interpretation of Act.

450.1104 Definitions controlling interpretation of act. Sec. 104.  The definitions contained in sections 105 through 109 shall control the interpretation of this act, unless the context otherwise requires. History: 1972, Act 284, Eff. Jan. 1, 1973 ;-- Am. 1989, Act 121, Eff. Oct. 1, 1989
MI Comp L § 450.1105 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)|284-1972-1 - Chapter 1 General Provisions (450.1101...450.1151)|Section 450.1105 - Definitions; A, B.

450.1105 Definitions; A, B.Sec. 105.  (1) "Administrator" means the chief officer of the department or of any other agency or department authorized by law to administer this act, or his or her designated representative.  (2) "Articles of incorporation" includes any of the following:  (a) The original articles of incorporation or any other instrument filed or issued under any statute to organize a domestic or foreign corporation, as amended, supplemented, or restated by certificates of amendment, merger, conversion, or consolidation or other certificates or instruments filed or issued under any statute.   (b) A special act or charter creating a domestic or foreign corporation, as amended, supplemented, or restated.  (3) "Authorized shares" means shares of all classes that a corporation is authorized to issue.  (4) "Board" means board of directors or other governing board of a corporation.  (5) "Bonds" includes secured and unsecured bonds, debentures, and notes. History: 1972, Act 284, Eff. Jan. 1, 1973 ;-- Am. 2001, Act 57, Imd. Eff. July 23, 2001 ;-- Am. 2012, Act 569, Imd. Eff. Jan. 2, 2013
MI Comp L § 450.1106 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)|284-1972-1 - Chapter 1 General Provisions (450.1101...450.1151)|Section 450.1106 - Definitions; C to E.

450.1106 Definitions; C to E.Sec. 106.  (1) "Corporation" or "domestic corporation" means a corporation formed under this act, or existing on January 1, 1973 and formed under any other statute of this state for a purpose for which a corporation may be formed under this act.  (2) "Department" means the department of licensing and regulatory affairs.  (3) "Director" means a member of the board of a corporation.  (4) "Distribution" means a direct or indirect transfer of money or other property, except the corporation's shares, or the incurrence of indebtedness by the corporation to or for the benefit of its shareholders in respect to the corporation's shares. A distribution may be in the form of a dividend, a purchase, redemption or other acquisition of shares, an issuance of indebtedness, or any other declaration or payment to or for the benefit of the shareholders.  (5) "Electronic transmission" or "electronically transmitted" means any form of communication that meets all of the following:  (a) It does not directly involve the physical transmission of paper.  (b) It creates a record that may be retained and retrieved by the recipient.  (c) It may be directly reproduced in paper form by the recipient through an automated process. History: 1972, Act 284, Eff. Jan. 1, 1973 ;-- Am. 1973, Act 98, Imd. Eff. Aug. 8, 1973 ;-- Am. 1989, Act 121, Eff. Oct. 1, 1989 ;-- Am. 2001, Act 57, Imd. Eff. July 23, 2001 ;-- Am. 2006, Act 68, Imd. Eff. Mar. 20, 2006 ;-- Am. 2012, Act 569, Imd. Eff. Jan. 2, 2013
MI Comp L § 450.1107 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)|284-1972-1 - Chapter 1 General Provisions (450.1101...450.1151)|Section 450.1107 - Definitions; F to I.

450.1107 Definitions; F to I. Sec. 107.  (1) "Foreign corporation" means a corporation for profit formed under laws other than the laws of this state, which includes in its purposes a purpose for which a corporation may be formed under this act.  (2) "Foreign nonprofit corporation" means a corporation organized under laws other than the laws of this state, which includes in its purposes a purpose for which a corporation may be organized under the nonprofit corporation act, Act No. 162 of the Public Acts of 1982, being sections 450.2101 to 450.3192 of the Michigan Compiled Laws.  (3) "Independent director" means a director who meets all of the following requirements:  (a) Is elected by the shareholders.  (b) Is designated as an independent director by the board or the shareholders.  (c) Has at least 5 years of business, legal, or financial experience, or other equivalent experience. For a corporation with securities registered under section 12 of the securities exchange act of 1934, chapter 404, 48 Stat. 881, 15 U.S.C. 78L, "experience" shall mean experience as a senior executive, director, or attorney, or other equivalent experience, for a corporation with registered securities.  (d) Is not and during the 3 years prior to being designated as an independent director has not been any of the following:  (i) An officer or employee of the corporation or any affiliate of the corporation.  (ii) Engaged in any business transaction for profit or series of transactions for profit, including banking, legal, or consulting services, involving more than $10,000.00 with the corporation or any affiliate of the corporation.  (iii) An affiliate, executive officer, general partner, or member of the immediate family of any person that had the status or engaged in a transaction described in subparagraph (i) or (ii).  (e) Does not propose to enter into a relationship or transaction described in subdivision (d)(i) through (iii).  (f) Does not have an aggregate of more than 3 years of service as a director of the corporation, whether or not as an independent director. History: 1972, Act 284, Eff. Jan. 1, 1973 ;-- Am. 1989, Act 121, Eff. Oct. 1, 1989
MI Comp L § 450.1108 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)|284-1972-1 - Chapter 1 General Provisions (450.1101...450.1151)|Section 450.1108 - Definitions; N to P.

450.1108 Definitions; N to P.Sec. 108.  (1) "Nonprofit corporation" or "domestic nonprofit corporation" means a nonprofit, corporation subject to the nonprofit corporation act, 1982 PA 162, MCL 450.2101 to 450.3192.  (2) "Person" means an individual, a partnership, a domestic or foreign corporation, a limited liability company, or any other association, corporation, trust, or legal entity.  (3) "Professional corporation" means a corporation incorporated under former 1962 PA 192, or a corporation incorporated under this act and governed by chapter 2A. History: 1972, Act 284, Eff. Jan. 1, 1973 ;-- Am. 1989, Act 121, Eff. Oct. 1, 1989 ;-- Am. 2012, Act 569, Imd. Eff. Jan. 2, 2013
MI Comp L § 450.1109 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)|284-1972-1 - Chapter 1 General Provisions (450.1101...450.1151)|Section 450.1109 - Definitions; S.

450.1109 Definitions; S.Sec. 109.  (1) "Services in a learned profession" means services provided to the public by a dentist, an osteopathic physician, a physician, a surgeon, a doctor of divinity or other clergy, or an attorney-at-law. The term does not include services provided to residents of a nursing home, as defined in section 20109 of the public health code, 1978 PA 368, MCL 333.20109, by a dentist, osteopathic physician, physician, or surgeon who is an employee or independent contractor of the nursing home.  (2) "Shareholder" means a person that holds units of proprietary interest in a corporation and is considered to be synonymous with "member" in a nonstock corporation.  (3) "Shares" means the units into which proprietary interests in a corporation are divided and is considered to be synonymous with "membership" in a nonstock corporation. History: 1972, Act 284, Eff. Jan. 1, 1973 ;-- Am. 1973, Act 98, Imd. Eff. Aug. 8, 1973 ;-- Am. 1989, Act 121, Eff. Oct. 1, 1989 ;-- Am. 1993, Act 91, Eff. Oct. 1, 1993 ;-- Am. 2012, Act 569, Imd. Eff. Jan. 2, 2013 ;-- Am. 2015, Act 158, Eff. Jan. 18, 2016
MI Comp L § 450.1110 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)|284-1972-1 - Chapter 1 General Provisions (450.1101...450.1151)|Section 450.1110 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989.

450.1110 Repealed. 1989, Act 121, Eff. Oct. 1, 1989. Compiler's Notes: The repealed section contained definitions.
MI Comp L § 450.1121 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)|284-1972-1 - Chapter 1 General Provisions (450.1101...450.1151)|Section 450.1121 - Applicability of Act to Domestic and Foreign Corporations.

450.1121 Applicability of act to domestic and foreign corporations. Sec. 121.  This act applies to every domestic corporation and to every foreign corporation which is authorized to or does transact business in this state except as otherwise provided in this act or by other law. This act also applies to any other domestic corporation or foreign corporation not formed under this act to the extent, if any, provided under this act or any law governing the corporation. History: 1972, Act 284, Eff. Jan. 1, 1973 ;-- Am. 1989, Act 121, Eff. Oct. 1, 1989
MI Comp L § 450.1122 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)|284-1972-1 - Chapter 1 General Provisions (450.1101...450.1151)|Section 450.1122 - References to Repealed Acts; Statutes Inapplicable to Corporations Defined in MCL 450.1106; Uniform Voidable Transactions Act Inapplicable to Distributions.

450.1122 References to repealed acts; statutes inapplicable to corporations defined in MCL 450.1106; uniform voidable transactions act inapplicable to distributions.Sec. 122.  (1) A reference in any statute of this state to parts of any act that are repealed by this act is considered to be a reference to this act, unless the context requires otherwise.  (2) The following statutes do not apply to a corporation as defined in section 106:  (a) 1846 RS 55, MCL 450.504 to 450.525.  (b) 1955 PA 156, MCL 450.701 to 450.704.  (3) The uniform voidable transactions act, 1998 PA 434, MCL 566.31 to 566.45, does not apply to distributions governed by this act. History: 1972, Act 284, Eff. Jan. 1, 1973 ;-- Am. 1989, Act 121, Eff. Oct. 1, 1989 ;-- Am. 2001, Act 57, Imd. Eff. July 23, 2001 ;-- Am. 2016, Act 553, Eff. Apr. 10, 2017
MI Comp L § 450.1123 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)|284-1972-1 - Chapter 1 General Provisions (450.1101...450.1151)|Section 450.1123 - Applicability of Act Generally.

450.1123 Applicability of act generally.Sec. 123.  (1) Unless otherwise provided in, or inconsistent with, the act under which a corporation is or has been formed, this act applies to deposit and security companies, summer resort associations, brine pipeline companies, telegraph companies, telephone companies, safety and collateral deposit companies, canal, river, and harbor improvement companies, cemetery, burial, and cremation associations, railroad, bridge, and tunnel companies, and agricultural and horticultural fair societies. The entities specified in this subsection shall not be incorporated under this act.  (2) This act does not apply to insurance, surety, savings and loan associations, fraternal benefit societies, and banking corporations. History: 1972, Act 284, Eff. Jan. 1, 1973 ;-- Am. 1978, Act 32, Imd. Eff. Feb. 24, 1978 ;-- Am. 1982, Act 407, Eff. Jan. 1, 1983 ;-- Am. 1989, Act 121, Eff. Oct. 1, 1989 ;-- Am. 1993, Act 357, Imd. Eff. Jan. 14, 1994 ;-- Am. 2001, Act 57, Imd. Eff. July 23, 2001 ;-- Am. 2012, Act 569, Imd. Eff. Jan. 2, 2013
MI Comp L § 450.1125 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)|284-1972-1 - Chapter 1 General Provisions (450.1101...450.1151)|Section 450.1125 - Applicability to Foreign Commerce, Interstate Commerce, and Federal Corporations.

450.1125 Applicability to foreign commerce, interstate commerce, and federal corporations. Sec. 125.  This act applies to commerce with foreign nations and among the several states and to corporations formed by or under any act of congress, only to the extent permitted under the constitution and laws of the United States. History: 1972, Act 284, Eff. Jan. 1, 1973
MI Comp L § 450.1127 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)|284-1972-1 - Chapter 1 General Provisions (450.1101...450.1151)|Section 450.1127 - Applicability to Existing Corporations; Saving Clause.

450.1127 Applicability to existing corporations; saving clause. Sec. 127.  (1) This act does not affect the duration of a corporation which exists on the effective date of this act. An existing corporation and its shareholders, directors and officers have the same rights and are subject to the same limitations, restrictions, liabilities and penalties as a corporation formed under this act, and its shareholders, directors and officers.  (2) This act does not affect a cause of action, liability, penalty or action or special proceeding, which on the effective date of this act is accrued, existing, incurred or pending, but the same may be asserted, enforced, prosecuted or defended as if this act had not been enacted. History: 1972, Act 284, Eff. Jan. 1, 1973
MI Comp L § 450.1129 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)|284-1972-1 - Chapter 1 General Provisions (450.1101...450.1151)|Section 450.1129 - Amendment or Repeal of Act.

450.1129 Amendment or repeal of act. Sec. 129.  This act may be supplemented, altered, amended or repealed by the legislature and every corporation, domestic or foreign, to which this act applies is bound thereby. History: 1972, Act 284, Eff. Jan. 1, 1973