Michigan Compiled Laws 284-1972-7a Chapter 7a (450.1775...450.1784)

• Section 450.1775 Meanings Of Words And Phrases; Inconsistent Provisions.
  (1) For purposes of this chapter, the words and phrases in sections 776, 777, 778, and 779 have the meanings ascribed to them in...
• Section 450.1776 Definitions; A, B.
  (1) "Affiliate" or "affiliated person" means a person that directly, or indirectly through 1 or more intermediaries, controls, is controlled by, or is under...
• Section 450.1777 Definitions; C, D.
  (1) “Common stock” means any stock other than preferred or preference stock. (2) “Control”, “controlling”, “controlled by”, or “under common control with” means the...
• Section 450.1778 Definitions; E To S.
  (1) "Equity security" means any 1 of the following: (a) Any stock or similar security, certificate of interest, or participation in any profit sharing...
• Section 450.1779 Definitions; V.
  (1) “Valuation date” means: (a) In a business combination voted upon by shareholders, the day prior to the date of the shareholders vote or...
• Section 450.1780 Advisory Statement And Approval.
  In addition to any vote otherwise required by law or the articles of the corporation, a business combination shall require an advisory statement from...
• Section 450.1781 Conditions For Inapplicability Of Vote To Business Combination; Inapplicability Of Certain Provisions.
  (1) The vote required by section 780 shall not apply to a business combination if each of the following conditions are met: (a) The...
• Section 450.1782 Applicability Of Mcl 450.1780; Resolution.
  (1) Whether or not a business combination is authorized or consummated in whole or in part after the effective date of this chapter or...
• Section 450.1783 Applicability Of Mcl 450.1780; Interested Shareholder; Resolution; Election.
  (1) Unless the articles or bylaws of a corporation specifically provide otherwise, the requirements of section 780 shall not apply to business combinations of...
• Section 450.1784 Certain Business Corporations Excepted From Requirements Of Mcl 450.1780; Shareholders Considered As Single Beneficial Owner.
  (1) Unless a corporation's articles of incorporation provide otherwise, the requirements of section 780 do not apply to any business combination of any of...

Last modified: October 10, 2016