Michigan Laws 450.2529 – Submitting matter to vote
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Michigan Laws 450.2529
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A corporation may agree to submit a matter to a vote of its shareholders or members even if, after approving the matter, the board of directors later determines that it no longer recommends the matter or recommends against approval of the matter by the shareholders or members.