Michigan § 450.2332 - Certificate representing shares; required statements.
Full text of Michigan Michigan Compiled Laws § 450.2332 — Certificate representing shares; required statements., with citation guidance and answers to common questions.
§ 450.2332. Certificate representing shares; required statements.
(1) A certificate that represents shares issued by a corporation shall state on its face all of the following:
(a) That the corporation is a nonprofit corporation formed under the laws of this state.
(b) The name of the person to which the certificate is issued.
(c) The number and class of shares that the certificate represents.
(d) A statement that the shares are not transferable, unless the articles or bylaws provide that shares are transferable. If the shares are transferable, the certificate shall state any conditions or limitations on transferability of the shares.
(e) The act under which the corporation was formed.
(2) A certificate that represents shares issued by a corporation that is authorized to issue shares of more than 1 class shall set forth on its face or back or state on its face or back that the corporation will furnish to a shareholder, on request and without charge, a full statement of the designation, relative rights, preferences, and limitations of the shares of each class the corporation is authorized to issue.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.2332
What does Michigan Compiled Laws § 450.2332 cover?
Section 450.2332 ("Certificate representing shares; required statements.") 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 § 450.2332?
A common citation format is "Michigan Compiled Laws § 450.2332" (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 § 450.2332 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.