450.2303a Corporation board organized on stock basis; amendment of articles of incorporation deleting reference to par value.
61 words·~1 min read·
/mi/chapter-450/450-2303aA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
450.2303a Corporation board organized on stock basis; amendment of articles of incorporation deleting reference to par value.
Sec. 303a.
The board of a corporation that is organized on a stock basis by resolution may adopt and file an amendment of the articles of incorporation deleting any reference to par value.
History: Add. 2014, Act 557 , Imd. Eff. Jan. 15, 2015