Mich. Comp. Laws » Michigan Compiled Laws / Chapter 450 / Act 284 of 1972
Michigan Compiled Laws

Mich. Comp. Laws § 450.1123 (2026)

Applicability of act generally.

✓ current as of July 2026
Find cases: SyfertCases citing this section MI-LEGlegislature.mi.gov JustiaChapter on Justia CornellLII Search CasesGoogle Scholar

BUSINESS CORPORATION ACT


Act 284 of 1972


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 are not incorporated under this act.

    (2) This act does not apply to insurance, surety, savings and loan associations, fraternal benefit societies, and banking corporations.

    (3) This act does not prevent a telephone corporation organized under 1883 PA 129, MCL 484.1 to 484.10, from converting into a domestic limited liability company under the Michigan limited liability company act, 1993 PA 23, MCL 450.4101 to 450.5200.

    

    

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 ;-- Am. 2024, Act 176, Imd. Eff. Dec. 23, 2024

Notes of Decisions
Cited in 9 cases (2 in the last 5 years), 2003–2022 · leading case: Hogg v. Four Lakes Ass'n, Inc, 861 N.W.2d 341 (Mich. Ct. App. 2014).
Sort: Relevance Newest Treatment
Hogg v. Four Lakes Ass'n, Inc, 861 N.W.2d 341 (Mich. Ct. App. 2014). · cites it 4× “The actual function of MCL 450.1123 is merely to allow SRO corporations, and additional corporations formed under other acts, to take advantage of the procedures specified in the Business Corporation Act, so long as the act under which the corporation was formed does not provide…”
Churella v. Pioneer State Mut. Ins., 671 N.W.2d 125 (Mich. Ct. App. 2003). · cites it 2× “§ 450.1123(2), which provides that Michigan's Business Corporation Act, M.”
Miller v. Allstate Ins., 739 N.W.2d 675 (Mich. Ct. App. 2007). “” MCL 450.1123(1). Therefore, PT Works was improperly incorporated under the BCA.”
Miller v. Allstate Ins. Co., 739 N.W.2d 675 (Mich. Ct. App. 2007). “" MCL 450.1123(1). Therefore, PT Works was improperly incorporated under the BCA.”
Dom. Unif. Rental v. Falcon Transp. Co (Mich. Ct. App. 2020). · cites it 2× “” MCL 450.1123(2). While the MBCA does not define “banking corporation,” the Legislature has defined relevant terms in the Banking Code of 1999.”
Robert Roy v. Island & Fonda Lakes Ass'n (Mich. Ct. App. 2014). · cites it 3× “” However, under MCL 450.1123(1), the business corporation act applies to summer resort corporations.”
Comerica Inc v. Dep't of Treasury (Mich. Ct. App. 2020). “” MCL 450.1123(2). Additionally, between the two merger statutes, MCL 487.”
Comerica Inc v. Dep't of Treasury (Mich. 2022). “, does not apply to banking corporations, MCL 450.1123(2), it similarly provides that following a merger the surviving corporation receives all rights and title to property “without reversion or impairment,” MCL 450.”
Comerica Inc v. Dep't of Treasury (Mich. 2022). “, does not apply to banking corporations, MCL 450.1123(2), it similarly provides that following a merger the surviving corporation receives all rights and title to property “without reversion or impairment,” MCL 450.”
— Mich. Comp. Laws § 450.1123(1) — 4 cases
Hogg v. Four Lakes Ass'n, Inc, 861 N.W.2d 341 (Mich. Ct. App. 2014). “The actual function of MCL 450.1123 is merely to allow SRO corporations, and additional corporations formed under other acts, to take advantage of the procedures specified in the Business Corporation Act, so long as the act under which the corporation was formed does not provide…”
Miller v. Allstate Ins., 739 N.W.2d 675 (Mich. Ct. App. 2007). “” MCL 450.1123(1). Therefore, PT Works was improperly incorporated under the BCA.”
Miller v. Allstate Ins. Co., 739 N.W.2d 675 (Mich. Ct. App. 2007). “" MCL 450.1123(1). Therefore, PT Works was improperly incorporated under the BCA.”
Robert Roy v. Island & Fonda Lakes Ass'n (Mich. Ct. App. 2014). “” However, under MCL 450.1123(1), the business corporation act applies to summer resort corporations.”
— Mich. Comp. Laws § 450.1123(2) — 5 cases
Churella v. Pioneer State Mut. Ins., 671 N.W.2d 125 (Mich. Ct. App. 2003). “§ 450.1123(2), which provides that Michigan's Business Corporation Act, M.”
Dom. Unif. Rental v. Falcon Transp. Co (Mich. Ct. App. 2020). “” MCL 450.1123(2). While the MBCA does not define “banking corporation,” the Legislature has defined relevant terms in the Banking Code of 1999.”
Comerica Inc v. Dep't of Treasury (Mich. Ct. App. 2020). “” MCL 450.1123(2). Additionally, between the two merger statutes, MCL 487.”
Comerica Inc v. Dep't of Treasury (Mich. 2022). “, does not apply to banking corporations, MCL 450.1123(2), it similarly provides that following a merger the surviving corporation receives all rights and title to property “without reversion or impairment,” MCL 450.”
Comerica Inc v. Dep't of Treasury (Mich. 2022). “, does not apply to banking corporations, MCL 450.1123(2), it similarly provides that following a merger the surviving corporation receives all rights and title to property “without reversion or impairment,” MCL 450.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.