Sec. 651.
Before the effective date of an amendment to the articles of incorporation for which shareholder approval is required by this act, the amendment may be abandoned pursuant to provisions therefor, if any, set forth in the resolution of the shareholders approving the amendment. If a certificate of amendment has been filed by the corporation, it shall file a certificate of abandonment, but not later than the proposed effective date within 10 days after the abandonment.
History: 1972, Act 284, Eff. Jan. 1, 1973
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.