MCL - 284-1972-3
Act 284 of 1972
CAPITAL STRUCTURE AND CORPORATE FINANCE
| Document | Type | Description |
|---|---|---|
| Section 450.1301 | Section | Issuance and classes of shares; rights, preferences, and limitations. |
| Section 450.1301a | Section | Amendment deleting reference to par value. |
| Section 450.1302 | Section | Class of shares; division and issuance in series; rights and preferences; certificate; resolution eliminating class or series of shares; subsequent resolution. |
| Section 450.1303 | Section | Convertible shares and bonds; increase in shares to satisfy conversion privileges. |
| Section 450.1304 | Section | Convertible shares and bonds; conditions to issuance; disposition of convertible bonds or shares. |
| Section 450.1304a | Section | Redeemable shares. |
| Section 450.1305 | Section | Subscription for shares. |
| Section 450.1306 | Section | Subscription for shares; payment; call; security interest. |
| Section 450.1307 | Section | Subscription agreement; default in payment; rights and duties of corporation. |
| Section 450.1308 | Section | Cancellation of shares upon rescission of subscription. |
| Section 450.1311, 450.1313 | Section | Repealed. 1989, Act 121, Eff. Oct. 1, 1989. |
| Section 450.1314 | Section | 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| Section 450.1315 | Section | Repealed. 1989, Act 121, Eff. Oct. 1, 1989. |
| Section 450.1317 | Section | Liability of purchaser, holder, subscriber, assignee, transferee, pledgee, or shareholder. |
| Section 450.1321 | Section | Repealed. 1989, Act 121, Eff. Oct. 1, 1989. |
| Section 450.1327 | Section | Expenses of organization and reorganization; expenses of sale or underwriting of shares. |
| Section 450.1331 | Section | Share certificates. |
| Section 450.1332 | Section | Share certificates; contents. |
| Section 450.1334 | Section | Share certificates; loss or destruction; bond. |
| Section 450.1335 | Section | Repealed. 1989, Act 121, Eff. Oct. 1, 1989. |
| Section 450.1336 | Section | Issuance or transfer of shares without certificates; statement. |
| Section 450.1338 | Section | Fractions of share or scrip. |
| Section 450.1341 | Section | Repealed. 1989, Act 121, Eff. Oct. 1, 1989. |
| Section 450.1341a | Section | Issuance of shares pro rata and without consideration; share dividend. |
| Section 450.1342 | Section | Repealed. 1989, Act 121, Eff. Oct. 1, 1989. |
| Section 450.1342a | Section | Rights, options, or warrants. |
| Section 450.1343 | Section | Preemptive rights. |
| Section 450.1344 | Section | 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 | Section | 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 | Section | Repealed. 1989, Act 121, Eff. Oct. 1, 1989. |
| Section 450.1368 | Section | Repealed. 1997, Act 118, Imd. Eff. Oct. 24, 1997. |
| Section 450.1371-450.1381 | Section | Repealed. 1989, Act 121, Eff. Oct. 1, 1989. |
| Section 450.1391 | Section | Inspection and voting rights of bondholders; facsimile signatures. |
| Section 450.1392 | Section | Chapter inapplicable to distributions in dissolution. |