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2020 Michigan Compiled Laws
Chapter 450 - Corporations
Act 162 of 1982 Nonprofit Corporation Act (450.2101 - 450.3192)
162-1982-4 Chapter 4 (450.2401...450.2497)
- Section 450.2401 Meetings of Shareholders or Members; Location.
- Section 450.2402 Annual Meeting of Shareholders or Members for Election of Directors and Conduct 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; Manner; Contents; Notice of Adjourned Meeting; Notice Not Given; Attendance at Meeting; Participating and Voting by Remote Communication; Meeting Without Notice.
- Section 450.2405 Shareholder, Member, or Proxy Holder Participation in Meeting by Conference Telephone or Other Means of Remote Communication; Conditions; Participation as Presence in Person at Meeting; Participating and Voting by Remote Communication.
- Section 450.2406 Chairperson Presiding at Meeting of Shareholders or Members; Powers, Duties, and Authority.
- Section 450.2406a Notice by Electronic Transmission.
- Section 450.2407 Taking Corporate Action Without Meeting; Consent; Notice; Statement on Filed Certificate; Consent by Electronic Transmission; Delivery.
- Section 450.2408 Taking Corporate Action Without Meeting; Shareholder or Member Action by Ballot; Requirements; Revocation of Ballot; Inclusion of Proposed Action in Ballot; Statement of Certificate.
- Section 450.2409 Taking Corporate Action Without Meeting; Voting by Shareholder or Member at Polling Place; Accessibility; Requirements; Revocation of Ballot; Inclusion of Proposed Action in Ballot; Statement on Certificate.
- Section 450.2411 Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
- Section 450.2412 Record Date.
- Section 450.2413 Making and Certifying List of Shareholders or Members Entitled to Vote at Meeting or Adjournment; Requirements; Noncompliance; Adjournment of Meeting; Validity of Action Taken.
- Section 450.2415 Quorum; Continuing Conduct of Business if Less Than Quorum; Adjournment of Meeting; Shareholders Entitled to Vote Separately.
- Section 450.2421 Authorizing Person to Act for Shareholder or Member by Proxy; Election of Directors by Proxy; Validity; Revocability; Methods of Granting Authority; Use of Copy, Facsimile, or Reproduction.
- 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 450.2432 Beneficial Owner of Shares or Memberships Registered in Name of Nominee; Recognition by Corporation as Shareholder or Member; Procedure.
- 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 Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
- Section 450.2447a Voting of Shares or Memberships if Owned by Another Corporation or Business Corporation.
- 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 of Incorporation.
- Section 450.2461 Agreement as to Voting Rights.
- Section 450.2466 Transfer of Shares or Membership to Trustee; Filing of Voting Rights Agreement; Voting and Other Rights of Trustee; Inspection of Filed Copy of Voting Trust Agreement; Description of Beneficial Interests.
- Section 450.2467 Shares or Memberships Subject to Voting Trust; Liability of Trustee; Designation of 2 or More Persons as Voting Trustees.
- Section 450.2468 Extension of Voting Trust Agreement.
- Section 450.2471 Shares as Personal Property; Transfer; Applicability of MCL 440.8101 to 440.8601.
- Section 450.2472 Transfer or Registration of Bond, Share, or Membership; Written Restriction.
- Section 450.2473 Transfer or Registration of Bond, Share, or Membership; Imposition of Restrictions; Conditions.
- Section 450.2481 Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
- Section 450.2485 Books, Records, and Minutes.
- Section 450.2487 Mailing Balance Sheet and Statements to Shareholder or Member Upon Request; Inspection During Regular Business Hours; Written Demand; "Proper Purpose" Defined; Order Compelling Inspection; Burden of Proof; Powers of Court; Inspection by Director; Costs; Holder of Voting Trust Certificate as Shareholder or Member; Right to Inspect Prohibited or Limited; Definitions.
- Section 450.2488 Agreement Among Members of Corporation.
- Section 450.2489 Court Action That Certain Acts Illegal, Fraudulent, or Willfully Unfair and Oppressive; Order or Relief; "Willfully Unfair and Oppressive Conduct" Defined.
- Section 450.2491 Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
- Section 450.2491a Definitions.
- Section 450.2492 Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
- Section 450.2492a Derivate Proceeding; Criteria to Be Met by Shareholder or Member.
- Section 450.2493 Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
- Section 450.2493a Derivative Proceeding; Commencement.
- Section 450.2494 Derivative Proceeding; Investigation; Issuance of Stay.
- Section 450.2495 Derivative Proceeding; Dismissal.
- Section 450.2496 Derivative Proceeding; Discontinuance or Settlement; Court Approval Required.
- Section 450.2497 Derivative Proceeding; Termination.
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.
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