Section 450.2642 - Restated articles of incorporation; designation; required statements; omitted provisions. - Michigan Statutes

NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982

450.2642 Restated articles of incorporation; designation; required statements; omitted provisions.

Sec. 642.

Restated articles of incorporation shall be specifically designated as such in the heading thereof. They shall state, either in the heading or in an introductory paragraph, the corporation's present name, and, if it has been changed, all of its former names and the date of filing of its original articles. Restated articles shall state that they were duly adopted by directors, shareholders, or members in accordance with this section. If adopted by the board without a vote of the shareholders, members, or directors according to the procedure and vote required by section 641(2), they shall state that they only restate and integrate and do not further amend the articles as theretofore amended, and that there is no material discrepancy between those provisions and the provisions of the restated articles. Restated articles of incorporation may omit such provisions of the original articles which named the incorporators, the initial board, or original subscribers for shares or original members, and the omission is not deemed a further amendment.

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