Sec. 331.
Except as provided in section 336, the shares of a corporation shall be represented by certificates which shall be signed by the chairperson of the board, vice-chairperson of the board, president or a vice-president and which also may be signed by another officer of the corporation. The certificate may be sealed with the seal of the corporation or a facsimile of the seal. The signatures of the officers may be facsimiles. If an officer who has signed or whose facsimile signature has been placed upon a certificate ceases to be an officer before the certificate is issued, it may be issued by the corporation with the same effect as if he or she were the officer at the date of issue.
History: 1972, Act 284, Eff. Jan. 1, 1973 ;-- Am. 1989, Act 121, Eff. Oct. 1, 1989 ;-- Am. 1994, Act 318, Imd. Eff. Oct. 6, 1994
Structure 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.
Section 450.1301a - Amendment Deleting Reference to Par Value.
Section 450.1304a - Redeemable Shares.
Section 450.1305 - Subscription for Shares.
Section 450.1306 - Subscription for Shares; Payment; Call; Security Interest.
Section 450.1307 - Subscription Agreement; Default in Payment; Rights and Duties of Corporation.
Section 450.1308 - Cancellation of Shares Upon Rescission of Subscription.
Section 450.1311, 450.1313 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1315 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1321 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1331 - Share Certificates.
Section 450.1332 - Share Certificates; Contents.
Section 450.1334 - Share Certificates; Loss or Destruction; Bond.
Section 450.1335 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1336 - Issuance or Transfer of Shares Without Certificates; Statement.
Section 450.1338 - Fractions of Share or Scrip.
Section 450.1341 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1341a - Issuance of Shares Pro Rata and Without Consideration; Share Dividend.
Section 450.1342 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1342a - Rights, Options, or Warrants.
Section 450.1343 - Preemptive Rights.
Section 450.1351-450.1367 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1368 - Repealed. 1997, Act 118, Imd. Eff. Oct. 24, 1997.
Section 450.1371-450.1381 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1391 - Inspection and Voting Rights of Bondholders; Facsimile Signatures.
Section 450.1392 - Chapter Inapplicable to Distributions in Dissolution.