MCL - 284-1972-7

BUSINESS CORPORATION ACT (EXCERPT)
Act 284 of 1972
Chapter 7
CORPORATE COMBINATIONS AND DISPOSITIONS
Document Type Description
Section 450.1701 Section Merger of domestic corporations; adoption and contents of plan of merger.
Section 450.1702 Section Plan of share exchange; approval; contents; power of corporation not limited.
Section 450.1703 Section Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1703a Section Plan of merger or share exchange; approval; definitions.
Section 450.1704 Section Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1706 Section Merger with domestic or foreign corporation; execution of certificate by incorporators; compliance.
Section 450.1707 Section Certificate of merger or share exchange.
Section 450.1711 Section Merger of parent and subsidiary corporations; approval; mailing copy or summary of plan of merger to minority shareholders; waiver; compliance; effectuation of merger under other provisions.
Section 450.1712 Section Merger of parent and subsidiary corporations; certificate of merger.
Section 450.1713 Section Merger of parent and subsidiary corporations; approval of shareholders.
Section 450.1721-450.1723 Section Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1724 Section Merger; applicable provisions; share exchange.
Section 450.1731-450.1734 Section Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1735 Section Foreign corporations and domestic corporations; merger or share exchange; compliance; liability; power of foreign corporation not limited.
Section 450.1736 Section Merger of domestic corporation with business organization.
Section 450.1741 Section Abandonment of merger or share exchange.
Section 450.1745 Section Conversion of domestic corporation into business organization; requirements; "business organization" and "entity" defined.
Section 450.1746 Section Conversion of business organization into domestic corporation; requirements.
Section 450.1751 Section Disposition of corporate property and assets; approval by shareholders.
Section 450.1753 Section Disposition of corporate property and assets not in usual and regular course of business; recommendation and submission of transaction; notice; authorization; abandonment; disposition by second corporation; transaction as distribution.
Section 450.1754 Section Rights of shareholders.
Section 450.1761 Section Definitions.
Section 450.1762 Section Right of shareholder to dissent and obtain payment for shares.
Section 450.1763 Section Rights of partial dissenter; assertion of dissenters' rights by beneficial shareholder.
Section 450.1764 Section Corporate action creating dissenters' rights; vote of shareholders; notice.
Section 450.1765 Section Notice of intent to demand payment for shares.
Section 450.1766 Section Dissenters' notice; delivery to shareholders; contents.
Section 450.1767 Section Duties of shareholder sent dissenter's notice; retention of rights; failure to demand payment or deposit share certificates.
Section 450.1768 Section Restriction on transfer of shares without certificates; retention of rights.
Section 450.1768a Section Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.1769 Section Payment by corporation to dissenter; accompanying documents.
Section 450.1770 Section Return of deposited certificates and release of transfer restrictions; effect of corporation taking proposed action.
Section 450.1771 Section Election to withhold payment from dissenter; offer to pay estimated fair value of shares, plus accrued interest; statements; explanation.
Section 450.1772 Section Demand for payment of dissenter's estimate or rejection of corporation's offer and demand for payment of fair value and interest due; waiver.
Section 450.1773 Section Petitioning court to determine fair value of shares and accrued interest; failure of corporation to commence proceeding; venue; parties; service; jurisdiction; appraisers; discovery rights; judgment.
Section 450.1773a Section Referee; appointment; powers; compensation; duties; objections to report; application to court for action; adoption, modification, or recommitment of report; further evidence; judgment; review.
Section 450.1774 Section Costs of appraisal proceeding.