Michigan § 450.1447a - Voting shares owned by second corporation.
Full text of Michigan Michigan Compiled Laws § 450.1447a — Voting shares owned by second corporation., with citation guidance and answers to common questions.
§ 450.1447a. Voting shares owned by second corporation.
Absent an order of a court of competent jurisdiction based upon a determination that special circumstances exist and the best interests of the corporation would be served, the shares of a corporation shall not be voted on any matter or considered to be outstanding shares for any purpose related to voting if they are owned, directly or indirectly, by a second corporation, domestic or foreign, and the first corporation owns, directly or indirectly, a majority of the shares entitled to vote for directors of the second corporation.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.1447a
What does Michigan Compiled Laws § 450.1447a cover?
Section 450.1447a ("Voting shares owned by second corporation.") 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 § 450.1447a?
A common citation format is "Michigan Compiled Laws § 450.1447a" (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 § 450.1447a 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.