Michigan § 450.105 - Cooperative corporations; purchase of business; payment, methods.
Full text of Michigan Michigan Compiled Laws § 450.105 — Cooperative corporations; purchase of business; payment, methods., with citation guidance and answers to common questions.
§ 450.105. Cooperative corporations; purchase of business; payment, methods.
Same; purchase of business of another corporation. Whenever any cooperative corporation shall purchase the business of another corporation, firm or person or persons, it may pay for the same in whole or in part by issuing to the selling corporation, firm, person or persons, shares of its capital stock to an amount which, at par value, would equal the fair market value of the business so purchased, and in such case the transfer to the purchasing corporation of such business at such valuation shall be equivalent to payment in cash for the shares of stock so issued.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.105
What does Michigan Compiled Laws § 450.105 cover?
Section 450.105 ("Cooperative corporations; purchase of business; payment, methods.") 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 § 450.105?
A common citation format is "Michigan Compiled Laws § 450.105" (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 § 450.105 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.