2006 Michigan Compiled Laws - CHAPTER 7B CONTROL SHARE ACQUISITIONS (450.1790...450.1799)

BUSINESS CORPORATION ACT (EXCERPT)
Act 284 of 1972
Chapter 7B
CONTROL SHARE ACQUISITIONS

DocumentDescription
Section 450.1790Short title; "control shares" defined.
Section 450.1791"Control share acquisition" defined; acquisition of shares or power to direct exercise of voting power; acquisition of shares in ordinary course of business for benefit of others in good faith; acquisition of shares not constituting control share acquisition; formation of group.
Section 450.1792"Interested shares" defined.
Section 450.1793"Issuing public corporation" defined; presumptive residence of shareholder.
Section 450.1794Voting rights generally.
Section 450.1795Acquiring person statement.
Section 450.1796Special meeting of shareholders; purpose; time.
Section 450.1797Notice of special or annual shareholder meeting.
Section 450.1798Voting rights of control shares acquired in control share acquisition; resolution.
Section 450.1798aVoting rights of group formed after April 1, 1988.
Section 450.1799Shares subject to redemption; dissenters' rights; notice; "fair value" defined.

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