HB-4203, As Passed House, June 18, 2015HB-4203, As Passed Senate, June 18, 2015

SUBSTITUTE FOR

HOUSE BILL NO. 4203

     A bill to amend 1931 PA 327, entitled

"An act to provide for the organization, regulation and

classification of corporations; to provide their rights, powers and

immunities; to prescribe the conditions on which corporations may

exercise their powers; to provide for the inclusion of certain

existing corporations within the provisions of this act; to

prescribe the terms and conditions upon which foreign corporations

may be admitted to do business within this state; to require

certain annual reports to be filed by corporations; to prescribe

penalties for the violations of the provisions of this act; and to

repeal certain acts and parts of acts relating to corporations,"

by amending section 157 (MCL 450.157).

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

     Sec. 157. (1) Same; hospitals, asylums. In all cases where

lands, or any other property, amounting in value to 5,000 dollars

$5,000.00 or upwards, more, have been or shall hereafter be are

given, granted, devised, or bequeathed to 3 or more trustees for

the purpose of founding or endowing a hospital or other charitable

asylum for the care or relief of indigent or other sick or infirm

or aged persons, or the care of minor orphans or crippled children

and youth with special health care needs or for the care and

protection of unfortunate women, or any number of such those

purposes, such the trustees may incorporate under this act as a

trustee corporation. Unless restricted by the trust instrument, in

respect thereto such the trustees may unite in such that

incorporation with other persons contributing to the maintenance of

such the hospital or asylum, and all such of those other persons

shall become members of such the corporation upon making such the

contribution as may be fixed and determined in the articles or by-

laws of the corporation. : Provided, That However, any 3 or more

persons may incorporate for any such charitable purpose described

in this subsection as a trustee corporation, where the hospital,

home, asylum, or other institution to be founded by such the

corporation is to be constructed, equipped, and maintained

principally by donations not made under any trust deed or other

instrument in writing declaring the uses and purposes to which such

the property shall be devoted, and every such that corporation

shall have authority to fix and prescribe the terms and conditions

of membership therein.in the corporation.

(2) The trustees of such a trustee corporation described in

subsection (1), or a majority of them, are hereby authorized and

empowered to indenture or apprentice to responsible persons, any

destitute or foundling children now, or which may be hereafter, in

who now or later become under the charge or care of such that

corporation, until such those children shall respectively become of

lawful age, and to make such that indenture in each case as binding

and effective in all respects as if said the trustees were the

lawful parents or guardians of said those children. : Provided,

That said However, the trustees shall have power to withdraw such a

child from any person to whom which he or she may be is indentured,

when in their opinion the interests of the child may require it.

     Enacting section 1. This amendatory act does not take effect

unless House Bill No. 4205 of the 98th Legislature is enacted into

law.