State Codes and Statutes
Statutes > Michigan > Chapter-450 > Act-162-of-1982 > 162-1982-3
Section 450.2301 - Payment or distribution of assets, income, or profit; conferring benefits on shareholders or members; compensation; distribution of assets upon dissolution; providing for payment of
Section 450.2302 - Corporation organized upon nonstock basis.
Section 450.2303 - Corporation organized upon stock basis; provisions of articles and bylaws; issuance of shares; rights, preferences, and limitations of or upon shareholders; classes of shares; votin
Section 450.2304 - Corporation organized upon membership basis; provisions of articles or bylaws; rights, preferences, and limitations of or upon members; classes of members; voting rights; condominiu
Section 450.2305 - Corporation organized upon directorship basis; members; voting; matters subject to action by board of directors.
Section 450.2307 - Subscription for shares or membership; enforceability; irrevocability; acceptance; consent to revocation; contract with corporation to purchase shares to be issued or treasury share
Section 450.2308 - Subscription for shares or membership; payment; installments; call for payment ratable; retention of shares as security for performance by subscriber.
Section 450.2309 - Default in payment of amount due under subscription agreement; rights and duties of corporation; interpretation; limiting and adding to rights and remedies of corporation.
Section 450.2310 - Rescission of subscription under which part of shares issued and in which security interest retained as cancellation of shares.
Section 450.2311 - Fees or dues required as condition of shareholding or membership; fixing; enforcement.
Section 450.2312 - Issuance by corporation organized on stock basis of shares for fixed consideration; disposition of treasury shares.
Section 450.2313 - Corporation, unincorporated association, partnership, or other person as shareholder or member; officers and directors as director of corporation; rights, powers, privileges, and li
Section 450.2315 - Consideration for issuance of shares; rights and privileges of subscribers when payment received by corporation; value of consideration; fully paid shares nonassessable.
Section 450.2317 - Obligation to pay unpaid portion of consideration for shares or membership as sole obligation; liability of person holding stock or membership in fiduciary or representative capacit
Section 450.2327 - Charges and expenses of organization or reorganization; sale or underwriting expenses and compensation; payment or allowance.
Section 450.2331 - Representation of shares by certificates; signatures of officers and seal.
Section 450.2332 - Certificate representing shares; required statements.
Section 450.2334 - Lost or destroyed certificate; issuance of new certificate; bond.
Section 450.2338 - Issuing certificates for fractions of share; purposes; rights of holders; paying fair value of fractions of share in cash; issuing scrip in registered or bearer form exchangeable fo
Section 450.2361 - Shares redeemable upon occurrence of specified event or events in cash, bonds, or other property; classes; sinking fund for redemption.
Section 450.2363 - Shares redeemable at option of shareholders in cash, bonds, or other property; classes; amendment to articles.
Section 450.2365 - Purchase or redemption by corporation of own shares under certain conditions prohibited.
Section 450.2371 - Cancellation of shares reacquired by corporation; retention of reacquired shares as treasury shares; status of cancelled shares.
Section 450.2391 - Conferring voting and inspection rights upon bond holders; signatures of officers.
State Codes and Statutes
Statutes > Michigan > Chapter-450 > Act-162-of-1982 > 162-1982-3
Section 450.2301 - Payment or distribution of assets, income, or profit; conferring benefits on shareholders or members; compensation; distribution of assets upon dissolution; providing for payment of
Section 450.2302 - Corporation organized upon nonstock basis.
Section 450.2303 - Corporation organized upon stock basis; provisions of articles and bylaws; issuance of shares; rights, preferences, and limitations of or upon shareholders; classes of shares; votin
Section 450.2304 - Corporation organized upon membership basis; provisions of articles or bylaws; rights, preferences, and limitations of or upon members; classes of members; voting rights; condominiu
Section 450.2305 - Corporation organized upon directorship basis; members; voting; matters subject to action by board of directors.
Section 450.2307 - Subscription for shares or membership; enforceability; irrevocability; acceptance; consent to revocation; contract with corporation to purchase shares to be issued or treasury share
Section 450.2308 - Subscription for shares or membership; payment; installments; call for payment ratable; retention of shares as security for performance by subscriber.
Section 450.2309 - Default in payment of amount due under subscription agreement; rights and duties of corporation; interpretation; limiting and adding to rights and remedies of corporation.
Section 450.2310 - Rescission of subscription under which part of shares issued and in which security interest retained as cancellation of shares.
Section 450.2311 - Fees or dues required as condition of shareholding or membership; fixing; enforcement.
Section 450.2312 - Issuance by corporation organized on stock basis of shares for fixed consideration; disposition of treasury shares.
Section 450.2313 - Corporation, unincorporated association, partnership, or other person as shareholder or member; officers and directors as director of corporation; rights, powers, privileges, and li
Section 450.2315 - Consideration for issuance of shares; rights and privileges of subscribers when payment received by corporation; value of consideration; fully paid shares nonassessable.
Section 450.2317 - Obligation to pay unpaid portion of consideration for shares or membership as sole obligation; liability of person holding stock or membership in fiduciary or representative capacit
Section 450.2327 - Charges and expenses of organization or reorganization; sale or underwriting expenses and compensation; payment or allowance.
Section 450.2331 - Representation of shares by certificates; signatures of officers and seal.
Section 450.2332 - Certificate representing shares; required statements.
Section 450.2334 - Lost or destroyed certificate; issuance of new certificate; bond.
Section 450.2338 - Issuing certificates for fractions of share; purposes; rights of holders; paying fair value of fractions of share in cash; issuing scrip in registered or bearer form exchangeable fo
Section 450.2361 - Shares redeemable upon occurrence of specified event or events in cash, bonds, or other property; classes; sinking fund for redemption.
Section 450.2363 - Shares redeemable at option of shareholders in cash, bonds, or other property; classes; amendment to articles.
Section 450.2365 - Purchase or redemption by corporation of own shares under certain conditions prohibited.
Section 450.2371 - Cancellation of shares reacquired by corporation; retention of reacquired shares as treasury shares; status of cancelled shares.
Section 450.2391 - Conferring voting and inspection rights upon bond holders; signatures of officers.
State Codes and Statutes
Statutes >
Michigan >
Chapter-450 >
Act-162-of-1982 >
162-1982-3 Section 450.2301 - Payment or distribution of assets, income, or profit; conferring benefits on shareholders or members; compensation; distribution of assets upon dissolution; providing for payment ofSection 450.2302 - Corporation organized upon nonstock basis.Section 450.2303 - Corporation organized upon stock basis; provisions of articles and bylaws; issuance of shares; rights, preferences, and limitations of or upon shareholders; classes of shares; votinSection 450.2304 - Corporation organized upon membership basis; provisions of articles or bylaws; rights, preferences, and limitations of or upon members; classes of members; voting rights; condominiuSection 450.2305 - Corporation organized upon directorship basis; members; voting; matters subject to action by board of directors.Section 450.2307 - Subscription for shares or membership; enforceability; irrevocability; acceptance; consent to revocation; contract with corporation to purchase shares to be issued or treasury shareSection 450.2308 - Subscription for shares or membership; payment; installments; call for payment ratable; retention of shares as security for performance by subscriber.Section 450.2309 - Default in payment of amount due under subscription agreement; rights and duties of corporation; interpretation; limiting and adding to rights and remedies of corporation.Section 450.2310 - Rescission of subscription under which part of shares issued and in which security interest retained as cancellation of shares.Section 450.2311 - Fees or dues required as condition of shareholding or membership; fixing; enforcement.Section 450.2312 - Issuance by corporation organized on stock basis of shares for fixed consideration; disposition of treasury shares.Section 450.2313 - Corporation, unincorporated association, partnership, or other person as shareholder or member; officers and directors as director of corporation; rights, powers, privileges, and liSection 450.2315 - Consideration for issuance of shares; rights and privileges of subscribers when payment received by corporation; value of consideration; fully paid shares nonassessable.Section 450.2317 - Obligation to pay unpaid portion of consideration for shares or membership as sole obligation; liability of person holding stock or membership in fiduciary or representative capacitSection 450.2327 - Charges and expenses of organization or reorganization; sale or underwriting expenses and compensation; payment or allowance.Section 450.2331 - Representation of shares by certificates; signatures of officers and seal.Section 450.2332 - Certificate representing shares; required statements.Section 450.2334 - Lost or destroyed certificate; issuance of new certificate; bond.Section 450.2338 - Issuing certificates for fractions of share; purposes; rights of holders; paying fair value of fractions of share in cash; issuing scrip in registered or bearer form exchangeable foSection 450.2361 - Shares redeemable upon occurrence of specified event or events in cash, bonds, or other property; classes; sinking fund for redemption.Section 450.2363 - Shares redeemable at option of shareholders in cash, bonds, or other property; classes; amendment to articles.Section 450.2365 - Purchase or redemption by corporation of own shares under certain conditions prohibited.Section 450.2371 - Cancellation of shares reacquired by corporation; retention of reacquired shares as treasury shares; status of cancelled shares.Section 450.2391 - Conferring voting and inspection rights upon bond holders; signatures of officers.
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