Mich. Comp. Laws § 485.205

Current through Public Act 171 of the 2024 Legislative Session

Section 485.205 - Stock divided into shares; increase

The amount of the capital stock of every such corporation shall be fixed and limited by the stockholders in their articles of association, and shall be divided into shares of 100 dollars each, 10 per cent of which shall be paid in. The capital stock and the number of shares may be increased at any meeting of the stockholders called for that purpose.

MCL 485.205

1887, Act 91, Imd. Eff. 4/26/1887 ;--How. 3873e ;--CL 1897, 6754 ;--CL 1915, 8854 ;--CL 1929, 11789 ;--CL 1948, 485.205.