Sec. 413.
(1) The officer or agent responsible for the shareholder or membership records of a corporation shall make and certify a complete list of the shareholders or members entitled to vote at a meeting or any adjourned meeting of the shareholders or members. All of the following apply to the list:
(a) The officer or agent shall arrange the list alphabetically within each class and include the address of each member or shareholder and, if applicable, the number of shares held by each shareholder.
(b) The officer or agent shall produce the list at the time and place of the meeting.
(c) The list is open to examination by any shareholder or member during the entire meeting. If the meeting is held solely by means of remote communication, then the officer or agent shall make the list open to the examination of any shareholder or member during the entire meeting by posting the list on a reasonably accessible electronic network, and providing the information required to access the list with the notice of the meeting.
(d) The list is prima facie evidence of which shareholders or members are entitled to examine the list or to vote at the meeting.
(2) If the requirements of this section are not complied with, and a shareholder or member that is present in person or by proxy in good faith challenges the existence of sufficient votes to approve any action at the meeting, the corporation shall adjourn the meeting until the requirements are complied with. Failure to comply with the requirements of this section does not affect the validity of an action taken at the meeting before a challenge under this subsection.
History: 1982, Act 162, Eff. Jan. 1, 1983 ;-- Am. 2008, Act 9, Imd. Eff. Feb. 29, 2008 ;-- Am. 2014, Act 557, Imd. Eff. Jan. 15, 2015
Structure Michigan Compiled Laws
Act 162 of 1982 - Nonprofit Corporation Act (450.2101 - 450.3192)
162-1982-4 - Chapter 4 (450.2401...450.2497)
Section 450.2401 - Meetings of Shareholders or Members; Location.
Section 450.2403 - Special Meeting of Shareholders or Members; Court Order; Quorum.
Section 450.2406a - Notice by Electronic Transmission.
Section 450.2411 - Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
Section 450.2412 - Record Date.
Section 450.2422 - Irrevocable Proxy.
Section 450.2423 - Revocability of Proxy.
Section 450.2441 - Voting Generally.
Section 450.2442 - Voting as Class.
Section 450.2444 - Voting by Corporation or Business Corporation; Voting of Pledged Shares.
Section 450.2446 - Voting of Shares or Membership Held by Joint Tenants or Tenants in Common.
Section 450.2447 - Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
Section 450.2448 - Redemption of Shares; Voting.
Section 450.2451 - Voting for Directors.
Section 450.2461 - Agreement as to Voting Rights.
Section 450.2468 - Extension of Voting Trust Agreement.
Section 450.2471 - Shares as Personal Property; Transfer; Applicability of MCL 440.8101 to 440.8601.
Section 450.2472 - Transfer or Registration of Bond, Share, or Membership; Written Restriction.
Section 450.2481 - Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
Section 450.2485 - Books, Records, and Minutes.
Section 450.2488 - Agreement Among Members of Corporation.
Section 450.2491 - Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
Section 450.2491a - Definitions.
Section 450.2492 - Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
Section 450.2492a - Derivate Proceeding; Criteria to Be Met by Shareholder or Member.
Section 450.2493 - Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
Section 450.2493a - Derivative Proceeding; Commencement.
Section 450.2494 - Derivative Proceeding; Investigation; Issuance of Stay.
Section 450.2495 - Derivative Proceeding; Dismissal.
Section 450.2496 - Derivative Proceeding; Discontinuance or Settlement; Court Approval Required.