Michigan § 450.1467 - Responsibility of voting trustee; determination of right to vote and manner of voting.
Full text of Michigan Michigan Compiled Laws § 450.1467 — Responsibility of voting trustee; determination of right to vote and manner of voting., with citation guidance and answers to common questions.
§ 450.1467. Responsibility of voting trustee; determination of right to vote and manner of voting.
A trustee who votes shares subject to a voting trust incurs no responsibility as shareholder, trustee or otherwise, except for his malfeasance.
Where 2 or more persons are designated as voting trustees, and the right and method of voting shares in their names at a meeting of shareholders are not fixed by the agreement appointing the trustees, the right to vote and the manner of voting the shares at the meeting shall be determined by a majority of the trustees. If the trustees are equally divided as to how the shares shall be voted, the vote shall be divided equally among the trustees.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.1467
What does Michigan Compiled Laws § 450.1467 cover?
Section 450.1467 ("Responsibility of voting trustee; determination of right to vote and manner of voting.") 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 § 450.1467?
A common citation format is "Michigan Compiled Laws § 450.1467" (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 § 450.1467 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.