Chapter 3 Capital Structure and Corporate Finance (450.1301...450.1392)

  1. Law
  2. Michigan Compiled Laws
  3. Corporations
  4. 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)
  5. Chapter 3 Capital Structure and Corporate Finance (450.1301...450.1392)

Checkout our iOS App for a better way to browser and research.

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450.1313 - Repealed. 1989, Act 121, Eff.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Repealed. 1989, Act 121, Eff.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Repealed. 1989, Act 121, Eff.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Repealed. 1989, Act 121, Eff.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Repealed. 1989, Act 121, Eff.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Repealed. 1989, Act 121, Eff.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.