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Section 450.2401 - Meetings of Shareholders or Members; Location. - Sec. 401. Meetings of shareholders or members may be held...
Section 450.2402 - Annual Meeting of Shareholders or Members for Election of Directors and Conduct Other Business; Failure to Hold Meeting at Designated Time or Elect Sufficient Number of Directors; Adjournment of Meeting; Court Order to Hold Meeting... - Sec. 402. A corporation shall hold an annual meeting of...
Section 450.2403 - Special Meeting of Shareholders or Members; Court Order; Quorum. - Sec. 403. The board may call a special meeting of...
Section 450.2404 - Notice of Time, Place, and Purposes of Meeting of Shareholders or Members; Manner; Contents; Notice of Adjourned Meeting; Notice Not Given; Attendance at Meeting; Participating and Voting by Remote Communication; Meeting Without No... - Sec. 404. (1) Except as otherwise provided in this act,...
Section 450.2405 - Shareholder, Member, or Proxy Holder Participation in Meeting by Conference Telephone or Other Means of Remote Communication; Conditions; Participation as Presence in Person at Meeting; Participating and Voting by Remote Communicat... - Sec. 405. (1) Unless otherwise restricted by the articles of...
Section 450.2406 - Chairperson Presiding at Meeting of Shareholders or Members; Powers, Duties, and Authority. - Sec. 406. (1) At each meeting of shareholders or members,...
Section 450.2406a - Notice by Electronic Transmission. - Sec. 406a. In addition to any other form of notice...
Section 450.2407 - Taking Corporate Action Without Meeting; Consent; Notice; Statement on Filed Certificate; Consent by Electronic Transmission; Delivery. - Sec. 407. (1) The articles of incorporation may provide that...
Section 450.2408 - Taking Corporate Action Without Meeting; Shareholder or Member Action by Ballot; Requirements; Revocation of Ballot; Inclusion of Proposed Action in Ballot; Statement of Certificate. - Sec. 408. (1) A corporation may provide in its articles...
Section 450.2409 - Taking Corporate Action Without Meeting; Voting by Shareholder or Member at Polling Place; Accessibility; Requirements; Revocation of Ballot; Inclusion of Proposed Action in Ballot; Statement on Certificate. - Sec. 409. (1) A corporation may provide in its articles...
Section 450.2411 - Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015. - Compiler's Notes: The repealed section pertained to fixing record date...
Section 450.2412 - Record Date. - Sec. 412. (1) Except as provided in this subsection, for...
Section 450.2413 - Making and Certifying List of Shareholders or Members Entitled to Vote at Meeting or Adjournment; Requirements; Noncompliance; Adjournment of Meeting; Validity of Action Taken. - Sec. 413. (1) The officer or agent responsible for the...
Section 450.2415 - Quorum; Continuing Conduct of Business if Less Than Quorum; Adjournment of Meeting; Shareholders Entitled to Vote Separately. - Sec. 415. (1) Unless a greater or lesser quorum is...
Section 450.2421 - Authorizing Person to Act for Shareholder or Member by Proxy; Election of Directors by Proxy; Validity; Revocability; Methods of Granting Authority; Use of Copy, Facsimile, or Reproduction. - Sec. 421. (1) Except as otherwise provided by statute, in...
Section 450.2422 - Irrevocable Proxy. - Sec. 422. A proxy that is entitled "irrevocable proxy", and...
Section 450.2423 - Revocability of Proxy. - Sec. 423. (1) A proxy described in section 422 becomes...
Section 450.2431 - Inspectors at Shareholders' or Members' Meeting; Waiver; Appointment and Duties; Failure to Appoint; Vacancy; Report; Evidence. - Sec. 431. (1) If the bylaws require inspectors at a...
Section 450.2432 - Beneficial Owner of Shares or Memberships Registered in Name of Nominee; Recognition by Corporation as Shareholder or Member; Procedure. - Sec. 432. (1) A corporation may establish a procedure under...
Section 450.2441 - Voting Generally. - Sec. 441. (1) Each outstanding share or member is entitled...
Section 450.2442 - Voting as Class. - Sec. 442. (1) The articles of incorporation or bylaws may...
Section 450.2443 - Grouping of Members in Local Units; Basis; Purpose; Actions Authorized by Bylaws; Incorporation and Powers of Local Units; Powers, Rights, and Privileges of Elected Representatives or Delegates. - Sec. 443. (1) The articles of incorporation or bylaws adopted...
Section 450.2444 - Voting by Corporation or Business Corporation; Voting of Pledged Shares. - Sec. 444. (1) Shares or memberships that are held by...
Section 450.2445 - Voting of Shares or Membership Held by Person in Representative or Fiduciary Capacity or Held Jointly by Fiduciaries. - Sec. 445. (1) The vote of shares or a membership...
Section 450.2446 - Voting of Shares or Membership Held by Joint Tenants or Tenants in Common. - Sec. 446. Shares or a membership that are held by...
Section 450.2447 - Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015. - Compiler's Notes: The repealed section pertained to prohibition against voting...
Section 450.2447a - Voting of Shares or Memberships if Owned by Another Corporation or Business Corporation. - Sec. 447a. Unless specifically otherwise provided in the articles of...
Section 450.2448 - Redemption of Shares; Voting. - Sec. 448. After written notice of redemption of redeemable shares...
Section 450.2451 - Voting for Directors. - Sec. 451. (1) The articles of incorporation of a corporation...
Section 450.2455 - Action Requiring Vote or Concurrence of Greater Proportion of Shares, Members, or Class Than Required by Act; Amendment of Articles of Incorporation. - Sec. 455. With respect to an action to be taken...
Section 450.2461 - Agreement as to Voting Rights. - Sec. 461. An agreement between 2 or more shareholders or...
Section 450.2466 - Transfer of Shares or Membership to Trustee; Filing of Voting Rights Agreement; Voting and Other Rights of Trustee; Inspection of Filed Copy of Voting Trust Agreement; Description of Beneficial Interests. - Sec. 466. (1) If shares or memberships of a corporation...
Section 450.2467 - Shares or Memberships Subject to Voting Trust; Liability of Trustee; Designation of 2 or More Persons as Voting Trustees. - Sec. 467. (1) A trustee that votes shares or memberships...
Section 450.2468 - Extension of Voting Trust Agreement. - Sec. 468. (1) At any time within the 12-month period...
Section 450.2471 - Shares as Personal Property; Transfer; Applicability of MCL 440.8101 to 440.8601. - Sec. 471. The shares of a corporation are personal property....
Section 450.2472 - Transfer or Registration of Bond, Share, or Membership; Written Restriction. - Sec. 472. (1) The articles of incorporation, the bylaws, or...
Section 450.2473 - Transfer or Registration of Bond, Share, or Membership; Imposition of Restrictions; Conditions. - Sec. 473. Without limiting the general authority under section 472(1)...
Section 450.2481 - Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015. - Compiler's Notes: The repealed section pertained to issuing or delivering...
Section 450.2485 - Books, Records, and Minutes. - Sec. 485. A corporation shall keep books and records of...
Section 450.2487 - Mailing Balance Sheet and Statements to Shareholder or Member Upon Request; Inspection During Regular Business Hours; Written Demand; "Proper Purpose" Defined; Order Compelling Inspection; Burden of Proof; Powers of Court; Inspecti... - Sec. 487. (1) If requested in writing by a shareholder...
Section 450.2488 - Agreement Among Members of Corporation. - Sec. 488. (1) Subject to subsection (11), an agreement among...
Section 450.2489 - Court Action That Certain Acts Illegal, Fraudulent, or Willfully Unfair and Oppressive; Order or Relief; "Willfully Unfair and Oppressive Conduct" Defined. - Sec. 489. (1) A director of a corporation that is...
Section 450.2491 - Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015. - Compiler's Notes: The repealed section pertained to action by shareholder...
Section 450.2491a - Definitions. - Sec. 491a. As used in this section and sections 492a...
Section 450.2492 - Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015. - Compiler's Notes: The repealed section pertained to discontinuing, compromising, or...
Section 450.2492a - Derivate Proceeding; Criteria to Be Met by Shareholder or Member. - Sec. 492a. A shareholder or member may not commence or...
Section 450.2493 - Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015. - Compiler's Notes: The repealed section pertained to award of expenses...
Section 450.2493a - Derivative Proceeding; Commencement. - Sec. 493a. A shareholder, member, or director may not commence...
Section 450.2494 - Derivative Proceeding; Investigation; Issuance of Stay. - Sec. 494. If the corporation commences an investigation of the...
Section 450.2495 - Derivative Proceeding; Dismissal. - Sec. 495. (1) On a motion by the corporation in...
Section 450.2496 - Derivative Proceeding; Discontinuance or Settlement; Court Approval Required. - Sec. 496. A derivative proceeding shall not be discontinued or...
Section 450.2497 - Derivative Proceeding; Termination. - Sec. 497. If a derivative proceeding is terminated, the court...