Michigan § 450.2307 - Subscription for shares or membership; enforceability; irrevocability; acceptance; consent to revocation; subscription agreement.
Full text of Michigan Michigan Compiled Laws § 450.2307 — Subscription for shares or membership; enforceability; irrevocability; acceptance; consent to revocation; subscription agreement., with citation guidance and answers to common questions.
§ 450.2307. Subscription for shares or membership; enforceability; irrevocability; acceptance; consent to revocation; subscription agreement.
(1) A subscription for shares or membership made before or after a corporation is formed is not enforceable unless it is in writing and signed by the subscriber.
(2) A subscription for shares of or membership in a corporation to be formed is irrevocable and the corporation may accept it for a period of 6 months, unless otherwise provided in the subscription agreement or unless all of the subscribers consent to its revocation.
(3) A contract with a corporation to purchase its shares to be issued is a subscription agreement and not an executory contract to purchase shares, unless otherwise provided in the contract.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.2307
What does Michigan Compiled Laws § 450.2307 cover?
Section 450.2307 ("Subscription for shares or membership; enforceability; irrevocability; acceptance; consent to revocation; subscription agreement.") 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 § 450.2307?
A common citation format is "Michigan Compiled Laws § 450.2307" (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 § 450.2307 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.