Michigan Compiled Laws
Act 230 of 1897 - Summer Resort and Park Associations (455.1 - 455.24)
Section 455.5 - Certificates of Stock; Signing, Sealing, Right to Vote.

Sec. 5.
All certificates for capital stock shall be signed by the president and secretary of the company, and sealed with the corporate seal. Each stockholder shall be entitled to cast 1 vote for each and every share he shall own of the capital stock of such company, at any and all meetings of stockholders of said corporation for whatsoever purpose the same may be held, and may vote or perform any act by his or her attorney or proxy duly authorized in writing for that purpose at any meeting at which such stockholder may vote or act if present in person, which power of attorney or proxy shall be filed with the secretary of said company.
History: 1897, Act 230, Imd. Eff. June 4, 1897 ;-- CL 1897, 7622 ;-- CL 1915, 10038 ;-- CL 1929, 10308 ;-- CL 1948, 455.5

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 455 - Summer Resort and Park Associations

Act 230 of 1897 - Summer Resort and Park Associations (455.1 - 455.24)

Section 455.1 - Summer Resort and Park Associations; Incorporation, Purpose.

Section 455.2 - Articles of Association; Signing, Acknowledgment, Contents.

Section 455.3 - Filing Articles With Department of Commerce; Subscribers and Stockholders as Body Politic and Corporate; Powers; Alteration or Amendment of Articles; Certification, Filing, and Recording.

Section 455.3.amended - Filing Articles With Department of Licensing and Regulatory Affairs; Subscribers and Stockholders as Body Politic and Corporate; Powers; Alteration or Amendment of Articles; Certification, Filing, and Recording.

Section 455.4 - Evidence of Incorporation.

Section 455.5 - Certificates of Stock; Signing, Sealing, Right to Vote.

Section 455.6 - Annual Meeting; Notice, Failure to Hold.

Section 455.7 - Annual Report; Stockholders, Contents; Perjury.

Section 455.8 - First Meeting; Notice.

Section 455.9 - Board of Directors; Qualifications, Election, Terms, Vacancy; Stock, Ceasing Ownership; Quorum.

Section 455.9.amended - Board of Directors; Qualifications, Election, Terms, Vacancy; Stock, Ceasing Ownership; Quorum.

Section 455.10 - Board of Directors; Powers.

Section 455.10.amended - Board of Directors; Powers.

Section 455.11 - Board of Directors; Officers and Employees, Selection, Removal, Terms.

Section 455.12 - By-Laws and Rules; Amendment.

Section 455.13 - Books; Inspection; Stock, Transfer.

Section 455.14 - Capital Stock; Deemed Personal Property, Transfer; Lien on Stock, Enforcement; Subscriptions; Shares, Issuance.

Section 455.15 - Capital Stock; Subscriptions, Payment; Suit; Sale, Procedure; Disposition of Proceeds; Purchaser, Rights.

Section 455.16 - Annual Dues; Levy, Use, Payment.

Section 455.16a - Allocation of Taxable and Assessed Values to Stockholder Lessees; Percentage; Burden of Proof; Property Transfer Affidavit; Assessment Roll Change or Tax Roll Change; "Inflation Rate" Defined.

Section 455.17 - Stockholders' Liability; Subrogation; Contribution.

Section 455.18 - Annual Report.

Section 455.20 - Stockholders; Map or Plat of Land; Record; Use as Evidence; Street, Public Places.

Section 455.21 - Stockholders; Map or Plat of Land; Ownership, Sale; Dissolution, Disposition of Lots; Parks and Walks Dedicated to Public Use.

Section 455.22 - Repeal; Saving Clause; Provisions Governing Act.

Section 455.23 - Special Dues; Purpose, Time, Enforcement.

Section 455.23.amended - Special Dues; Purpose, Time, Enforcement.

Section 455.24 - Associate Members; Terms; Stock, Disposition.