276.53 NONPROFIT STATUS OF CORPORATION; DISPOSITION OF EARNINGS.

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Clinton Charter Township Overview

Clinton Charter Township, MI Code of Ordinances

CODIFIED ORDINANCES OF THE CHARTER TOWNSHIP OF CLINTON MICHIGAN

PRELIMINARY UNIT

PART TWO - ADMINISTRATION CODE

PART FOUR - TRAFFIC CODE

PART SIX - GENERAL OFFENSES CODE

PART EIGHT - BUSINESS REGULATION AND TAXATION CODE

PART TEN - STREETS, UTILITIES AND PUBLIC SERVICES CODE

PART TWELVE - PLANNING AND ZONING CODE

PART THIRTEEN - FLOOD PLAIN MANAGEMENT PROVISIONS

PART FOURTEEN - BUILDING AND HOUSING CODE

PART SIXTEEN - FIRE PREVENTION CODE

276.53 NONPROFIT STATUS OF CORPORATION; DISPOSITION OF EARNINGS.

The Clinton Township Economic Development Corporation shall be a nonprofit corporation, and no part of its earnings shall inure to the benefit of any person, firm, or corporation. Surplus earnings remaining after adequate provision has been made for all obligations of the Corporation shall belong and be paid to the Township of Clinton.

(Ord. 254. Passed 3-27-78.)

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