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Michigan Statutes, Title 450

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Title 450, CORPORATIONS

32 chapters · 761 sections in this title.

All chapters in Title 450761 Ch 162-of-1982, NONPROFIT CORPORATION ACT261 Ch 284-of-1972, BUSINESS CORPORATION ACT255 Ch 23-of-1993, MICHIGAN LIMITED LIABILITY COMPANY ACT101 Ch 327-of-1931, MICHIGAN GENERAL CORPORATION STATUTE71 Ch 305-of-2000, UNIFORM ELECTRONIC TRANSACTIONS ACT20 Ch R.S.-of-1846, Revised Statutes of 184615 Ch 152-of-1985, THE EMPLOYEE-OWNED CORPORATION ACT8 Ch 428-of-1980, STATE PROCUREMENTS FOR MINORITY OWNE…6 Ch 112-of-1988, THE BUSINESS OPPORTUNITY ACT FOR PER…5 Ch 169-of-1965, DISSOLUTION OF CHARITABLE PURPOSE CO…5 Ch 156-of-1955, ATTORNEY IN FACT FOR SERVICE OF PROCESS4 Ch 138-of-1941, REINSTATEMENT OF CEMETERY ASSOCIATIONS3 Ch 2-of-1945, REVIVAL OF NONPROFIT CORPORATIONS2 Ch 26-of-1963 (2nd Ex. Sess.), TERM OF EXISTENCE OF DOMESTIC CORPOR…2

15 sections·Filtered byTitle 450✕Ch R.S.-of-1846✕

Mich. Comp. Laws § 450.504 Absence or death of person authorized to call or preside at legal meeting of corporation; application; warrant to call meeting.
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Sec. 4. If by reason of the death, absence, or other legal impediment of the officers of any corporation, there is no person duly authorized to call or preside at a legal meeting of the corporation, the district or municipal court of the judicial district or municipality where th…
Mich. Comp. Laws § 450.507 Holding of land; subscriptions; donations; stock transfer; articles, amendment.
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Sec. 7. Every such corporation may hold land to an amount authorized by law, and may convey the same and may receive subscriptions to its capital stock in lands situate in the state of Michigan, or may receive donations of lands situate in the state of Michigan, to assist or enab…
Mich. Comp. Laws § 450.519 Contributions; recovery in chancery.
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Sec. 19. When the officers or members of a corporation, or any of them, are liable for any debts of the corporation, or for any acts of such officers or members, respecting the business of the corporation, and also when any of the said officers or members shall be liable to contr…
Mich. Comp. Laws § 450.520 Acts of incorporation; amendment, alteration or repeal.

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Sec. 20. Every act of incorporation passed since the twentieth day of April, in the year 1839, or which shall be hereafter passed, shall at any time be subject to amendment, alteration or repeal, at the pleasure of the legislature: Provided, That no act of incorporation shall be …

Mich. Comp. Laws § 450.521 Assessing officers; returns, contents.

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Sec. 21. It shall be the duty of the clerk of every corporation within this state, whose capital stock is or shall be subject to taxation for county or township purposes, and if there be no such clerk, then of the directors of such corporation, annually, between the fifteenth day…

Mich. Comp. Laws § 450.522 Assessing officers; returns, default; penalty.

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Sec. 22. If any clerk or director mentioned in the preceding section, shall refuse or neglect to make such return, or shall wilfully make a false return, he shall forfeit the sum of 50 dollars.

Mich. Comp. Laws § 450.523 Fraudulent transfer of shares to avoid taxation; penalty.

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Sec. 23. If any shareholder shall fraudulently transfer any share in either of the corporations mentioned in the twenty-third section of this chapter, for the purpose of avoiding taxation, he shall forfeit a sum equal to 1/2 the par value of the shares so transferred.

Mich. Comp. Laws § 450.524 Returns to state treasurer; default, computation, state tax.

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Sec. 24. The cashier of each bank and the secretary or clerk of each incorporated railroad, canal or turnpike company shall, on the first Monday of October in each year, or within 15 days previous thereto, make a return to the state treasurer, verified by his oath, stating the am…

Mich. Comp. Laws § 450.525 Attorney general and legislature; examination.

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Sec. 25. It shall be the duty of the attorney general whenever and as often as he shall be required by the governor, to examine into the affairs and conditions of any bank or banks or other corporations in this state, and report such examination in writing, together with a detail…

Mich. Comp. Laws § 450.691 Incorporation of library by proprietors; meeting; notice.

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Sec. 1. Any 7 or more proprietors of a library may form themselves into a corporation, under such corporate name as they may adopt, for the purpose of enlarging, regulating, and using such library; and for that purpose the district or municipal court of the judicial district or m…

Mich. Comp. Laws § 450.692 Libraries; proprietors; powers; proceedings, certificate; recording.

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Sec. 2. Any 7 or more of the proprietors of such library, met in pursuance of such notice, may choose a president, a clerk, a librarian, collector, treasurer, and such other officers as they may deem necessary; and they may also determine upon the mode of calling future meetings …

Mich. Comp. Laws § 450.693 Libraries; powers of corporation; governing law.

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Sec. 3. When such proprietors shall be organized as a corporation in the manner hereinbefore provided, they shall have all the powers and privileges, and be subject to all the duties of a corporation, according to the provisions of chapter 55, so far as such provisions shall be a…

Mich. Comp. Laws § 450.694 Libraries; collector and treasurer, bond.

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Sec. 4. The treasurer and collector shall give bond to such corporation, with sufficient sureties, to the satisfaction of the president, for the faithful discharge of their duties.

Mich. Comp. Laws § 450.695 Libraries; shares, assessment and transfer; holding of property.

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Sec. 5. The said proprietors may raise such sums of money by assessment on the shares as they shall judge necessary for the purpose of preserving, enlarging and using the library; and the shares may be transferred according to such regulations as they may prescribe, and such corp…

Mich. Comp. Laws § 450.696 Libraries; organization; powers.

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Sec. 6. Any 15 or more persons, in any township or county within this state, who shall by writing associate for the purpose of mental improvement, and the promotion of education, may form themselves into a corporation by the name of "the lyceum of .....," (the name of the place w…