Mich. Comp. Laws § 450.2310

Current through Public Act 171 of the 2024 Legislative Session

Section 450.2310 - Rescission of subscription under which part of shares issued and in which security interest retained as cancellation of shares

Rescission by a corporation of a subscription under which a part of the shares subscribed for have been issued and in which the corporation retains a security interest, as provided in section 308(c), effects the cancellation of such shares.

MCL 450.2310

1982, Act 162, eff. 1/1/1983 .