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Michigan Compiled Laws, Chapter 450. Corporations § 450.2556

Current as of January 01, 2025 | Updated by Findlaw Staff

Sec. 556. If the corporation's articles of incorporation contain a provision authorized under section 209(e),  1 then a claim for monetary damages for a volunteer director, volunteer officer, or other volunteer's acts or omissions shall not be brought or maintained against a volunteer director, volunteer officer, or other volunteer. The claim shall be brought and maintained against the corporation.

1 M.C.L.A. § 450.2209.
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Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 450. Corporations § 450.2556 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-450-corporations/mi-comp-laws-450-2556/

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