2006 Michigan Compiled Laws - CHAPTER 4 (450.2401...450.2493)

NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982 Chapter 4

Document	Description
Section 450.2401	Meetings of shareholders or members; location.
Section 450.2402	Annual meeting of shareholders or members for election of directors and other business; failure to hold meeting at designated time or elect sufficient number of directors; adjournment of meeting; court order to hold meeting or election; quorum.
Section 450.2403	Special meeting of shareholders or members; court order; quorum.
Section 450.2404	Notice of time, place, and purposes of meeting of shareholders or members; notice of adjourned meeting; attendance at meeting as waiver of notice.
Section 450.2405	Shareholder or member participation in meeting by conference telephone or similar communications equipment; conditions; participation as presence in person at meeting.
Section 450.2407	Taking corporate action without meeting; consent; notice; statement on filed certificate.
Section 450.2411	Fixing record date for determination of shareholders or members entitled to notice and vote; effect of not fixing record date; applicability of determination to adjournment.
Section 450.2413	Making and certifying list of shareholders or members entitled to vote at meeting or adjournment; noncompliance; adjournment of meeting; validity of action taken.
Section 450.2415	Quorum; continuing to do business notwithstanding withdrawal of shareholders or members; adjournment of meeting; shareholders entitled to vote separately.
Section 450.2421	Authorizing person to act for shareholder or member by proxy; signature; duration; revocability.
Section 450.2422	Irrevocable proxy.
Section 450.2423	Revocability of proxy.
Section 450.2431	Inspectors at shareholders' or members' meeting; waiver; appointment and duties; failure to appoint; vacancy; report; evidence.
Section 450.2441	Voting generally.
Section 450.2442	Voting as class.
Section 450.2443	Grouping of members in local units; basis; purpose; actions authorized by bylaws; incorporation and powers of local units; powers, rights, and privileges of elected representatives or delegates.
Section 450.2444	Voting by corporation or business corporation; voting of pledged shares.
Section 450.2445	Voting of shares or membership held by person in representative or fiduciary capacity or held jointly by fiduciaries.
Section 450.2446	Voting of shares or membership held by joint tenants or tenants in common.
Section 450.2447	Treasury shares; shares of corporation held by another corporation or business corporation; voting.
Section 450.2448	Redemption of shares; voting.
Section 450.2451	Voting for directors.
Section 450.2455	Action requiring vote or concurrence of greater proportion of shares, members, or class than required by act; amendment of articles.
Section 450.2461	Agreement as to voting rights.
Section 450.2471	Shares as personal property; transfer; applicability of §§ 440.8101 to 440.8601.
Section 450.2481	Issuing or delivering unissued or treasury shares; preemptive rights.
Section 450.2485	Books, records, and minutes.
Section 450.2487	Mailing balance sheet and statements to shareholder or member upon request; examination of minutes and records; compelling production of books, records, and minutes; extracts.
Section 450.2491	Action by shareholder or member in right of corporation to procure judgment; allegations.
Section 450.2492	Discontinuance, compromise, or settlement of action authorized by § 450.2491; approval; notice; expense; award and recovery.
Section 450.2493	Action brought in right of corporation; awarding plaintiff or claimant reasonable expenses; accounting; applicability of section; requiring plaintiff to pay expenses where action brought without reasonable cause.

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