Michigan Compiled Laws
Act 230 of 1897 - Summer Resort and Park Associations (455.1 - 455.24)
Section 455.6 - Annual Meeting; Notice, Failure to Hold.

Sec. 6.
Every such corporation shall hold its annual meeting of stockholders between the first Monday of February and the last day of August of each year as its by-laws may provide. Notice of the time and place of such meeting shall be given by the secretary by causing the same to be published in some paper published and circulated in the county where the principal office of such corporation is located, at least once in each week successively for 4 weeks prior to the time fixed for such meeting: Provided, That such notice may be given personally, in writing, or by mailing the same to each stockholder, addressed to him at his place of residence shown on the books of said company, in which case no publication shall be necessary: And provided further, That if, for any reason, such annual meeting is not held, the corporation shall not for that reason be dissolved.
History: 1897, Act 230, Imd. Eff. June 4, 1897 ;-- CL 1897, 7623 ;-- CL 1915, 10039 ;-- CL 1929, 10309 ;-- CL 1948, 455.6

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.