Michigan § 450.1769 - Payment by corporation to dissenter; accompanying documents.
Full text of Michigan Michigan Compiled Laws § 450.1769 — Payment by corporation to dissenter; accompanying documents., with citation guidance and answers to common questions.
§ 450.1769. Payment by corporation to dissenter; accompanying documents.
Except as provided in section 771, within 7 days after the proposed corporate action is taken or a payment demand is received, whichever occurs later, the corporation shall pay each dissenter who complied with section 767 the amount the corporation estimates to be the fair value of his or her shares, plus accrued interest.
The payment must be accompanied by all of the following:
The corporation's balance sheet as of the end of a fiscal year ending not more than 16 months before the date of payment, an income statement for that year, a statement of changes in shareholders' equity for that year, and if available the latest interim financial statements.
A statement of the corporation's estimate of the fair value of the shares.
An explanation of how the interest was calculated.
A statement of the dissenter's right to demand payment under section 772.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.1769
What does Michigan Compiled Laws § 450.1769 cover?
Section 450.1769 ("Payment by corporation to dissenter; accompanying documents.") 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 § 450.1769?
A common citation format is "Michigan Compiled Laws § 450.1769" (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 § 450.1769 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.