Section 450.2455 - Action requiring vote or concurrence of greater proportion of shares, members, or class than required by act; amendment of articles. - Michigan Statutes

NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982

450.2455 Action requiring vote or concurrence of greater proportion of shares, members, or class than required by act; amendment of articles.

Sec. 455.

When, with respect to an action to be taken by the shareholders or members, the articles of incorporation require the vote or concurrence of holders of a greater proportion of the shares or a greater proportion of members, or of a class thereof, than required by this act with respect to the action, the articles shall control. An amendment of the articles which adds, changes, or deletes such a provision shall be authorized by the vote required to amend the articles pursuant to section 611, or by the same vote as would be required to take action under such provision, whichever is greater.

History: 1982, Act 162, Eff. Jan. 1, 1983