Section 450.3161 Amendment to Articles of Incorporation; Calling Special Meeting; Consideration of Proposed Amendment.

MI Comp L § 450.3161 (2019) (N/A)
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Sec. 1161.

An amendment to the articles of incorporation may be proposed by the board, by 10% or more of the members, or by some smaller percentage of members established in the articles or bylaws. If proposed by the number of members required for calling a special meeting pursuant to section 1141, a special meeting shall be called within a reasonable time. If proposed by less than the number of members required to call a special meeting, then the proposed amendment shall be considered at the next annual or special meeting.

History: Add. 1984, Act 209, Eff. Nov. 1, 1985