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MICHIGAN STATUTES AND CODES
307-1980-9 - ARTICLE 9 (491.900...491.934)
- Section 491.900 - Number and classes of shares issued by stock association; par value; voting, dividend, liquidation, and other right, preference, and limitation; denial or limitation of rights; disti
- Section 491.902 - Convertible shares or securities; issuance; approval; increasing shares to satisfy conversion privileges; reservation of unissued shares; consideration; cancellation of converted sha
- Section 491.904 - Subscription for shares; enforceability; subscription irrevocable; exception; contract to purchase shares as subscription agreement.
- Section 491.906 - Subscription for shares; payment; call for payment ratable; retention of shares as security.
- Section 491.908 - Default in payment under subscription agreement; powers of stock association; rights and duties cumulative; limiting and adding to rights and remedies.
- Section 491.910 - Rescission of subscription; effect.
- Section 491.912 - Consideration for issuance of shares; payment; rights and privileges; conclusive judgment of value.
- Section 491.914 - Consideration for shares issued in exchange or conversion; determination.
- Section 491.916 - Obligation of member; liability of member as assignee, transferee, or pledgee of subscription for shares.
- Section 491.918 - Rights and options; creation; issuance; consideration for shares purchased under rights and options; terms and conditions; rights or options issued as incentive to service.
- Section 491.920 - Certificate representing shares; signatures of officers; seal; contents.
- Section 491.922 - Lost or destroyed certificate; issuance of new certificate; bond.
- Section 491.924 - Issuance of fractions of share; purpose; issuance of scrip; form; signature; exchangeability; rights; conditions; sale or purchase of additional scrip; payment in cash of fair value
- Section 491.926 - Merger or acquisition; allocation of capital in excess of par to retained earnings; limitation on aggregate retained earnings.
- Section 491.928 - Transactions with respect to share of capital stock; purchase of shares on order and for account of customer; loan on security of association's own shares; association as purchas
- Section 491.930 - Cancellation of reacquired shares; restoration to status of authorized but unissued shares; amendment of articles of incorporation reducing number of authorized shares; reduction of
- Section 491.932 - Determination of amount or availability of retained earnings; computation; merger or combination of associations; limitation on amount of retained earnings; transfer of part of retai
- Section 491.934 - Voting class of voting securities; limit; notice of proposed acquisition; notice of disapproval of proposed acquisition; hearing; furnishing information to supervisor; grounds for di
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