Michigan § 456.103 - Payment by subscribers to articles of association.
Full text of Michigan Michigan Compiled Laws § 456.103 — Payment by subscribers to articles of association., with citation guidance and answers to common questions.
§ 456.103. Payment by subscribers to articles of association.
The subscribers to such articles of association, shall at the time of subscription thereto, severally pay to the treasurer named therein at least 20 per cent of the amount subscribed by each, and when the whole amount of capital mentioned in said articles shall be subscribed and said portion thereof actually paid in, the directors shall cause a copy of their articles of association, together with an affidavit of such treasurer that 20 per cent of the amount of capital subscribed has actually been paid in, to be filed in the corporation and securities bureau of the department of commerce.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 456.103
What does Michigan Compiled Laws § 456.103 cover?
Section 456.103 ("Payment by subscribers to articles of association.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 456.103?
A common citation format is "Michigan Compiled Laws § 456.103" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 456.103 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.