Michigan § 450.2303d - Shares redeemable in cash, bonds, securities, or other property; prices and conditions.
Full text of Michigan Michigan Compiled Laws § 450.2303d — Shares redeemable in cash, bonds, securities, or other property; prices and conditions., with citation guidance and answers to common questions.
§ 450.2303d. Shares redeemable in cash, bonds, securities, or other property; prices and conditions.
The articles of incorporation may provide for 1 or more classes of shares that are redeemable, in whole or in part, at the option of the shareholder, or the corporation, or if a specified event occurs. Subject to restrictions imposed in sections 301 and 345, the shares may be redeemable in cash, bonds, securities, or other property at prices, within the periods, and under conditions stated in the articles of incorporation.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.2303d
What does Michigan Compiled Laws § 450.2303d cover?
Section 450.2303d ("Shares redeemable in cash, bonds, securities, or other property; prices and conditions.") 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 § 450.2303d?
A common citation format is "Michigan Compiled Laws § 450.2303d" (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 § 450.2303d 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.