450.734 Powers of department generally. Sec. 4. The department may do all of the following: (a) Develop, collect, and disseminate information useful to persons and organizations throughout the state in undertaking or promoting the establishment and successful operation of employee-owned corporations. (b) Evaluate the feasibility and economic viability of a proposed employee-owned corporation. (c) Provide technical assistance and counseling services to persons who seek to form an employee-owned corporation. (d) Provide assistance, counseling, and training in the operation of an employee-owned corporation. (e) Assist persons in obtaining financing for the purchase and operation of an employee-owned corporation. (f) Promote and coordinate the efforts of local, state, federal, and private agencies to assist in the formation or operation of an employee-owned corporation. (g) Recommend appropriate legislative or executive action to enhance opportunities for employee-owned corporations in this state. History: 1985, Act 152, Eff. Jan. 10, 1986
Michigan Legal Code