There is a newer version
of
this Section
2017 Michigan Compiled Laws
Chapter 455 - Summer Resort and Park Associations
Act 230 of 1897 SUMMER RESORT AND PARK ASSOCIATIONS (455.1 - 455.24)
Section 455.24 Associate members; terms; stock, disposition.
Universal Citation: MI Comp L § 455.24 (2017)
455.24 Associate members; terms; stock, disposition.
Sec. 24.
It shall be lawful for the stockholders of any such corporation, either at the time the articles shall be executed, or at any subsequent period, by a vote of 2/3 of the capital stock, to provide the terms upon which persons may become associate members of the organization, with or without being stockholders therein, and also to provide for the limitation upon sale or other disposition of such stock and for the custody of the certificates thereof.
History: Add. 1903, Act 127, Imd. Eff. May 20, 1903 ;-- CL 1915, 10056 ;-- CL 1929, 10326 ;-- CL 1948, 455.24
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
