Michigan Laws 455.91 – Articles of incorporation; amendment
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Terms Used In Michigan Laws 455.91
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- annual meeting: when applied to townships, mean the annual meeting required by law to be held on the Saturday immediately preceding the first Monday in April. See Michigan Laws 8.3d
- 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.
- seal: shall be construed to include any of the following:
(a) The impression of the seal on the paper alone. See Michigan Laws 8.3nstate: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
That any corporation organized under Act No. 39 of the Public Acts of 1889 of this state, entitled “An act to authorize the formation of corporations for the purchase and improvement of grounds to be occupied for summer homes, for camp meetings, for meetings of assemblies or associations and societies organized for intellectual and scientific culture and for the promotion of the cause of religion and morality, or for any or all such purposes,” may alter and amend its articles of incorporation or association at any annual meeting of the members of the association, by a resolution adopted by a 2/3 vote of all members present and voting thereon, and such amendment shall be certified by the president and secretary under the seal of the corporation and recorded in the same manner as the original articles of incorporation: Provided always, That no such amendment shall change the general purpose for which such corporation was formed.