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U.S. State Codes
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Michigan
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Chapter 450 - Corporations
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Act 284 of 1972 Business Co...
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284-1972-3 Chapter 3 Capital Structure and Corp...
284-1972-3 Chapter 3 Capital Structure and Corporate Finance (450.1301...450.1392)
Section 450.1301 Issuance and Classes of Shares; Rights, Preferences, and Limitations.
Section 450.1301a Amendment Deleting Reference to Par Value.
Section 450.1302 Class of Shares; Division and Issuance in Series; Rights and Preferences; Certificate; Resolution Eliminating Class or Series of Shares; Subsequent Resolution.
Section 450.1303 Convertible Shares and Bonds; Increase in Shares to Satisfy Conversion Privileges.
Section 450.1304 Convertible Shares and Bonds; Conditions to Issuance; Disposition of Convertible Bonds or Shares.
Section 450.1304a Redeemable Shares.
Section 450.1305 Subscription for Shares.
Section 450.1306 Subscription for Shares; Payment; Call; Security Interest.
Section 450.1307 Subscription Agreement; Default in Payment; Rights and Duties of Corporation.
Section 450.1308 Cancellation of Shares Upon Rescission of Subscription.
Section 450.1311, 450.1313 Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1314 Reservation of Powers to Shareholders; Consideration for Authorized Issuance of Shares; Determination of Adequacy; Shares Fully Paid and Nonassessable; Rights and Privileges of Subscriber.
Section 450.1315 Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1317 Liability of Purchaser, Holder, Subscriber, Assignee, Transferee, Pledgee, or Shareholder.
Section 450.1321 Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1327 Expenses of Organization and Reorganization; Expenses of Sale or Underwriting of Shares.
Section 450.1331 Share Certificates.
Section 450.1332 Share Certificates; Contents.
Section 450.1334 Share Certificates; Loss or Destruction; Bond.
Section 450.1335 Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1336 Issuance or Transfer of Shares Without Certificates; Statement.
Section 450.1338 Fractions of Share or Scrip.
Section 450.1341 Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1341a Issuance of Shares Pro Rata and Without Consideration; Share Dividend.
Section 450.1342 Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1342a Rights, Options, or Warrants.
Section 450.1343 Preemptive Rights.
Section 450.1344 Acquisition of Own Shares by Corporation; Shares as Authorized but Unissued; Reducing Number of Authorized Shares if Reissuance Prohibited; Restriction on Acquisition.
Section 450.1345 Distributions to Shareholders; Record Date for Determining Entitlement; Prohibited Distribution; Determination; Measuring Effect of Distribution; Indebtedness to Shareholder; Obligation to Make Future Payments; Enforceability of Guaranty or Other Undertaking by Third Party; Asserting Right of Rescission or Other Legal or Equitable Rights.
Section 450.1351-450.1367 Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1368 Repealed. 1997, Act 118, Imd. Eff. Oct. 24, 1997.
Section 450.1371-450.1381 Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1391 Inspection and Voting Rights of Bondholders; Facsimile Signatures.
Section 450.1392 Chapter Inapplicable to Distributions in Dissolution.