Section 450.734 - Powers of department generallyThe 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.1985, Act 152, eff. 1/10/1986 .