2014 Michigan Compiled Laws
Chapter 450 - CORPORATIONS
Act 327 of 1931 MICHIGAN GENERAL CORPORATION ACT (450.1 - 450.192)
Section 450.100 Cooperative corporations; shares of stock, contents.
MICHIGAN GENERAL CORPORATION ACT (EXCERPT)
Act 327 of 1931
450.100 Cooperative corporations; shares of stock, contents.
Sec. 100.
Same; contents of certificates of stock. There shall be printed upon each share of stock issued by co-operative corporations a condensed statement of every article or by-law which in anywise limits the shareholders' right to assign or transfer such shares or to vote the total number of shares held at meetings of the corporation, or which forbids voting by proxy.
The provisions of the uniform stock transfer law of this state shall not be held to apply to the shares of stock of such co-operative corporations in any manner or to any extent inconsistent with the provisions of sections 98 to 116, both inclusive, of this act.
History: 1931, Act 327, Eff. Sept. 18, 1931 ;-- CL 1948, 450.100
Compiler's Notes: The catchline following the act section number was incorporated as part of the section when the act was enacted.
Former Law: See section 3 of Ch. IV of Part II of Act 84 of 1921, as amended by Act 267 of 1929, being CL 1929, ยง 10029.
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
