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Voting Agreements Between Shareholders - Mich. Comp. Laws Section 450.1461

Legal Research Home > Michigan Laws > Corporations > Voting Agreements Between Shareholders - Mich. Comp. Laws Section 450.1461

450.1461 Voting agreements between shareholders.

Sec. 461.

An agreement between 2 or more shareholders, if in writing and signed by the parties, may provide that in exercising voting rights, the shares held by them shall be voted as provided in the agreement, or as they may agree, or as determined in accordance with a procedure agreed upon by them. A voting agreement executed pursuant to this section, whether or not proxies are executed pursuant to the agreement, is not subject to sections 466 through 468. A voting agreement under this section shall be specifically enforceable.

History: 1972, Act 284, Eff. Jan. 1, 1973 ;-- Am. 1989, Act 121, Eff. Oct. 1, 1989

Section: Previous 450.1444 450.1445 450.1446 450.1447a 450.1448 450.1451 450.1455 450.1461 450.1466 450.1467 450.1468 450.1471 450.1472 450.1473 450.1485 Next

Last modified: March 17, 2013