Sec. 641.
(1) A corporation may integrate into a single instrument the provisions of its articles of incorporation that are then in effect and operative, as amended, and at the same time may also further amend its articles of incorporation, by adopting restated articles of incorporation.
(2) Any of the following may adopt restated articles of incorporation for a corporation, as applicable:
(a) Before the first meeting of the board, all of the incorporators, by complying with the provisions of sections 611(1)(a), 642, and 643(1).
(b) If the restated articles of incorporation merely restate and integrate, but do not further amend the articles as amended, the restated articles of incorporation may be adopted by the board without a vote of the shareholders.
(c) If the restated articles of incorporation restate, integrate, and also further amend the articles of incorporation, but the amendments include only amendments adopted under section 611(1)(b) or (2), the board may adopt the restated articles of incorporation without a vote of the shareholders.
(d) If the restated articles of incorporation restate, integrate, and amend the articles of incorporation and subdivisions (a), (b), and (c) do not apply, the shareholders must adopt the restated articles of incorporation under section 611.
(3) An amendment made to the articles of incorporation in connection with the restatement and integration of the articles of incorporation is subject to any other provision of this act, not inconsistent with this section, that would apply if a certificate of amendment were filed to effect that amendment.
History: 1972, Act 284, Eff. Jan. 1, 1973 ;-- Am. 1982, Act 407, Eff. Jan. 1, 1983 ;-- Am. 1997, Act 118, Imd. Eff. Oct. 24, 1997 ;-- Am. 2012, Act 569, Imd. Eff. Jan. 2, 2013
Structure Michigan Compiled Laws
Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)
284-1972-6 - Chapter 6 Amendments to Articles of Incorporation (450.1601...450.1651)
Section 450.1601 - General Power of Amendment.
Section 450.1602 - Specific Powers of Amendment.
Section 450.1611 - Articles of Incorporation; Amendment Procedure.
Section 450.1615 - Class Vote on Amendment.
Section 450.1621 - Dissent of Shareholder to Amendment; Payment to Dissenting Shareholder.
Section 450.1631 - Certificate of Amendment.
Section 450.1641 - Adoption of Restated Articles of Incorporation; Amendment.
Section 450.1642 - Designation and Contents of Restated Articles; Omission.
Section 450.1651 - Abandonment of Amendment; Certificate of Abandonment.