Michigan § 450.1445 - Voting shares held by representatives or fiduciaries.
Full text of Michigan Michigan Compiled Laws § 450.1445 — Voting shares held by representatives or fiduciaries., with citation guidance and answers to common questions.
§ 450.1445. Voting shares held by representatives or fiduciaries.
Shares held by a person in a representative or fiduciary capacity may be voted by him without a transfer of the shares into his name.
Shares held jointly by fiduciaries, where the instrument or order appointing the fiduciaries does not otherwise direct, shall be voted as follows:
If only 1 fiduciary votes, his act binds all.
If more than 1 fiduciary votes, the shares shall be voted as the majority of the fiduciaries determines.
If the fiduciaries are equally divided as to how the shares shall be voted, a court having jurisdiction, in an action brought by any of the fiduciaries or by any beneficiary, may appoint an additional person to act with the fiduciaries in such matter, and the stock shall be voted by the majority of such fiduciaries and such additional person.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.1445
What does Michigan Compiled Laws § 450.1445 cover?
Section 450.1445 ("Voting shares held by representatives or fiduciaries.") 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 § 450.1445?
A common citation format is "Michigan Compiled Laws § 450.1445" (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 § 450.1445 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.