Michigan Compiled Laws
Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)
284-1972-3 - Chapter 3 Capital Structure and Corporate Finance (450.1301...450.1392)

Section 450.1301 - Issuance and Classes of Shares; Rights, Preferences, and Limitations. - Sec. 301. (1) A corporation may issue the number of...

Section 450.1301a - Amendment Deleting Reference to Par Value. - Sec. 301a. The board by resolution may adopt and file...

Section 450.1302 - Class of Shares; Division and Issuance in Series; Rights and Preferences; Certificate; Resolution Eliminating Class or Series of Shares; Subsequent Resolution. - Sec. 302. (1) If provided for in the articles of...

Section 450.1303 - Convertible Shares and Bonds; Increase in Shares to Satisfy Conversion Privileges. - Sec. 303. (1) If the articles of incorporation provide, subject...

Section 450.1304 - Convertible Shares and Bonds; Conditions to Issuance; Disposition of Convertible Bonds or Shares. - Sec. 304. (1) Bonds or shares convertible into shares of...

Section 450.1304a - Redeemable Shares. - Sec. 304a. The articles of incorporation may provide for 1...

Section 450.1305 - Subscription for Shares. - Sec. 305. (1) A subscription for shares made before or...

Section 450.1306 - Subscription for Shares; Payment; Call; Security Interest. - Sec. 306. (1) Unless otherwise provided in the subscription agreement:...

Section 450.1307 - Subscription Agreement; Default in Payment; Rights and Duties of Corporation. - Sec. 307. (1) In case of default in payment of...

Section 450.1308 - Cancellation of Shares Upon Rescission of Subscription. - Sec. 308. Rescission by a corporation of a subscription under...

Section 450.1311, 450.1313 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989. - Compiler's Notes: The repealed sections pertained to consideration for issuance...

Section 450.1314 - Reservation of Powers to Shareholders; Consideration for Authorized Issuance of Shares; Determination of Adequacy; Shares Fully Paid and Nonassessable; Rights and Privileges of Subscriber. - Sec. 314. (1) The powers granted in this section to...

Section 450.1315 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989. - Compiler's Notes: The repealed section pertained to payment of consideration...

Section 450.1317 - Liability of Purchaser, Holder, Subscriber, Assignee, Transferee, Pledgee, or Shareholder. - Sec. 317. (1) A purchaser from a corporation of its...

Section 450.1321 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989. - Compiler's Notes: The repealed section pertained to rights or options...

Section 450.1327 - Expenses of Organization and Reorganization; Expenses of Sale or Underwriting of Shares. - Sec. 327. The reasonable charges and expenses of organization or...

Section 450.1331 - Share Certificates. - Sec. 331. Except as provided in section 336, the shares...

Section 450.1332 - Share Certificates; Contents. - Sec. 332. (1) A certificate representing shares shall state upon...

Section 450.1334 - Share Certificates; Loss or Destruction; Bond. - Sec. 334. A corporation may issue a new certificate for...

Section 450.1335 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989. - Compiler's Notes: The repealed section pertained to shares or securities...

Section 450.1336 - Issuance or Transfer of Shares Without Certificates; Statement. - Sec. 336. (1) Unless the articles of incorporation or bylaws...

Section 450.1338 - Fractions of Share or Scrip. - Sec. 338. (1) A corporation may issue fractions of shares...

Section 450.1341 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989. - Compiler's Notes: The repealed section pertained to consideration for shares...

Section 450.1341a - Issuance of Shares Pro Rata and Without Consideration; Share Dividend. - Sec. 341a. (1) Unless the articles of incorporation provide otherwise,...

Section 450.1342 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989. - Compiler's Notes: The repealed section pertained to earned surplus and...

Section 450.1342a - Rights, Options, or Warrants. - Sec. 342a. (1) A corporation may issue rights, options, or...

Section 450.1343 - Preemptive Rights. - Sec. 343. (1) The shareholders of a corporation do not...

Section 450.1344 - Acquisition of Own Shares by Corporation; Shares as Authorized but Unissued; Reducing Number of Authorized Shares if Reissuance Prohibited; Restriction on Acquisition. - Sec. 344. (1) Subject to restrictions imposed by this act...

Section 450.1345 - Distributions to Shareholders; Record Date for Determining Entitlement; Prohibited Distribution; Determination; Measuring Effect of Distribution; Indebtedness to Shareholder; Obligation to Make Future Payments; Enforceability of Gu... - Sec. 345. (1) A board may authorize and the corporation...

Section 450.1351-450.1367 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989. - Compiler's Notes: The repealed sections pertained to dividends, purchase, or...

Section 450.1368 - Repealed. 1997, Act 118, Imd. Eff. Oct. 24, 1997. - Compiler's Notes: The repealed section pertained to purchase by corporation...

Section 450.1371-450.1381 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989. - Compiler's Notes: The repealed sections pertained to cancellation or retention...

Section 450.1391 - Inspection and Voting Rights of Bondholders; Facsimile Signatures. - Sec. 391. (1) A corporation, in its articles of incorporation,...

Section 450.1392 - Chapter Inapplicable to Distributions in Dissolution. - Sec. 392. This chapter shall not apply to distributions in...