Form Bcs/cd-501 - Articles Of Incorporation For Professional Service Corporations - Michigan Department Of Consumer And Industry Services Page 8

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REVIEW PROCEDURES FOR C&S 501 - ARTICLES OF INCORPORATION
FOR PROFESSIONAL SERVICE CORPORATIONS
SPECIFIC DOCUMENT ITEMS
STATUTORY CITE
o) Management by shareholders instead of directors
BCA 463
BCA 471
p) Transfer of shares
472
473
PSCA 10
BCA 762
r) Shareholder dissent to corporate action
6. DIRECTORS
BCA 463
a) Management by shareholders instead of directors
501
BCA 501
b) Qualifications for directors
AG Opinion 5893 dated
c) Minors may not act as incorporators, officers, or directors of
5-8-81 (Our No. 254)
corporations
Special Opinion 105
BCA 505(1)
d) Fixing number
BCA 505(2)
e) Term of office
506
BCA 505(2)
f) Election or appointment
505(3)
BCA 506
g) Division into classes
h) Removal
BCA 511
514
BCA 515a
i) Filling vacancies
BCA 521(3)
j) Participation in meeting of board by conference telephone or similar
communication equipment
BCA 523
k) Quorum at meeting
BCA 525
l) Action without a meeting
m) Committees
BCA 527
528
BCA 561-567
n) Indemnification (Cannot exceed statutory limits as to who, the types
of actions, etc. which can be covered)

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