Michigan § 450.2615 - Voting as class on proposed amendment.
Full text of Michigan Michigan Compiled Laws § 450.2615 — Voting as class on proposed amendment., with citation guidance and answers to common questions.
§ 450.2615. Voting as class on proposed amendment.
(1) The holders of a class of outstanding shares of a corporation that is organized on a stock basis or the members of a class of a corporation that is organized on a membership basis may vote as a class on a proposed amendment, whether or not entitled to vote on the amendment under the articles of incorporation, if the amendment would increase or decrease the aggregate number of authorized shares of the class or alter or change the powers, preferences, or special rights of the shares or members of the class or other classes so as to affect the class adversely.
(2) This section does not confer voting rights on members of a corporation that is organized on a directorship basis.
Frequently Asked Questions About Michigan § 450.2615
What does Michigan Compiled Laws § 450.2615 cover?
Section 450.2615 ("Voting as class on proposed amendment.") 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 § 450.2615?
A common citation format is "Michigan Compiled Laws § 450.2615" (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 § 450.2615 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.