In January 2015, some significant revisions to the Michigan Nonprofit Corporation Act were enacted. The more significant provisions related to:
- Additional limitations on director and officer;
- Dissolving a nonprofit corporation;
- Voting to approve membership or stock corporation mergers and dissolutions; and
- Potentially more limited access to information for shareholders and members.
For more information, please visit the referenced article from Miller Johnson, or contact Ed Elsner for questions associated with nonprofit organizations.