Michigan § 450.2514 - Removal of director by circuit court.
Full text of Michigan Michigan Compiled Laws § 450.2514 — Removal of director by circuit court., with citation guidance and answers to common questions.
§ 450.2514. Removal of director by circuit court.
(1) The circuit court for the county in which the principal place of business or registered office of a corporation is located may remove a director of the corporation from office in a proceeding commenced by the corporation, by its shareholders holding at least 10% of the outstanding shares of any class, or by 10% of the members if the court finds that the director engaged in fraudulent, illegal, or dishonest conduct or gross abuse of authority or discretion with respect to the corporation, and removal is in the best interest of the corporation.
(2) A court that removes a director under this section may bar him or her from serving as a director of the corporation for a period prescribed by the court.
(3) If shareholders or members commence a proceeding under subsection (1), they shall make the corporation a party defendant.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.2514
What does Michigan Compiled Laws § 450.2514 cover?
Section 450.2514 ("Removal of director by circuit court.") 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 § 450.2514?
A common citation format is "Michigan Compiled Laws § 450.2514" (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 § 450.2514 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.