Michigan § 450.2311 - Fees or dues required as condition of shareholding or membership; fixing; enforcement.
Full text of Michigan Michigan Compiled Laws § 450.2311 — Fees or dues required as condition of shareholding or membership; fixing; enforcement., with citation guidance and answers to common questions.
§ 450.2311. Fees or dues required as condition of shareholding or membership; fixing; enforcement.
A corporation may fix in the bylaws, or the bylaws may authorize the board to fix, an amount as fees or dues which shareholders or members may be required to pay initially or periodically as a condition of shareholding or admission or retention of membership. The corporation may make bylaws necessary to enforce this requirement, including provisions for cancellation of shares or termination of membership for nonpayment of dues or obligations and for reissuance of shares or reinstatement of membership.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.2311
What does Michigan Compiled Laws § 450.2311 cover?
Section 450.2311 ("Fees or dues required as condition of shareholding or membership; fixing; enforcement.") 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 § 450.2311?
A common citation format is "Michigan Compiled Laws § 450.2311" (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 § 450.2311 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.