Law Governing Manufacturing and Mercantile Corporations and Corporations for Other Lawful Business, Under Act No. 232, P. A. of 1903: With Annotations |
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Page 3
... thirty - six of this act , may , by complying with the provisions of this act , with their succes- sors and assigns , become a body politic and corporate . The charter of a private corporation is a contract between the government and ...
... thirty - six of this act , may , by complying with the provisions of this act , with their succes- sors and assigns , become a body politic and corporate . The charter of a private corporation is a contract between the government and ...
Page 5
... thirty - five , and in that case shall contain an exact statement of the terms Common and upon which the common and preferred stocks are created , and preferred the amount of each subscribed , and the amount of each paid stock . in ...
... thirty - five , and in that case shall contain an exact statement of the terms Common and upon which the common and preferred stocks are created , and preferred the amount of each subscribed , and the amount of each paid stock . in ...
Page 7
... thirty years ; Ninth , The names of the stockholders , their respective resi- Stockholders , dences , and the number of shares subscribed for by each ; etc. creased or of increased The amount of the capital stock and number of shares of ...
... thirty years ; Ninth , The names of the stockholders , their respective resi- Stockholders , dences , and the number of shares subscribed for by each ; etc. creased or of increased The amount of the capital stock and number of shares of ...
Page 11
... thirty days pay . after the same shall have become due and payable , and after he shall have been notified thereof , said corporation may re- Sale of stock cover the amount of said installment from such negligent stockholder in any ...
... thirty days pay . after the same shall have become due and payable , and after he shall have been notified thereof , said corporation may re- Sale of stock cover the amount of said installment from such negligent stockholder in any ...
Page 12
... thirty- first day of December next preceding , on suitable blanks to be furnished by the Secretary of State , as hereinafter pro- vided : Provided , Flour milling corporations shall make and deposit annual reports in the month of July ...
... thirty- first day of December next preceding , on suitable blanks to be furnished by the Secretary of State , as hereinafter pro- vided : Provided , Flour milling corporations shall make and deposit annual reports in the month of July ...
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Common terms and phrases
agent amendments amount annual articles of association assent authorized capital stock Bank business in Michigan by-laws cent chapters one hundred charter common stock complied contract copy corporate debts corporate existence corporate powers corporation or association corporation organized county clerk court creditors cumulatively voted dividend dollars Doug elect equity estopped execution exercise facie evidence folio foreign corporation forfeiture franchise fee hold holders incorporated increase indebted stockholder individually liable issue Knights of Pythias labor performed Laws of eighteen lie to compel lien mandamus meeting ment milling corporations Mizner mortgage neglect or refuse newspaper published notice number of shares organized or existing paid payment poration preferred stock prescribe president and secretary proceedings purchaser purpose recorded repealed River Raisin service of process Stat statement statute subscribed subscription tangible property thereof Thunder Bay tion Toledo Ice transaction transfer treasurer valid vote
Popular passages
Page 30 - ... for as many persons as there are directors or managers to be elected, or to cumulate said shares and give one candidate as many votes as the number of directors multiplied by the number of his shares of stock shall equal, or to distribute them, on the same principle, among as many candidates as he shall think fit; and such directors or managers shall not be elected in any other manner...
Page 18 - ... file in the office of the secretary of state, and also in the office of the clerk of the county in which the...
Page 35 - All specific State taxes, except those received from the mining companies of the Upper Peninsula, shall be applied in paying the interest upon the primary school, university, and other educational funds, and the interest and principal of the State debt, in the order herein recited, until the extinguishment of the State debt, other than the amounts due to educational funds, when such specific taxes shall be added to, and constitute a part of the primary school interest fund.
Page 29 - The term corporations as used in this article, shall be construed to include all associations and joint stock companies having any of the powers or privileges of corporations not possessed by individuals or partnerships.
Page 31 - All corporations, whether they expire by their own limitation, or are otherwise dissolved, shall nevertheless be continued for the term of three years from such expiration or dissolution bodies corporate for the purpose of prosecuting and defending suits by or against them, and of enabling them gradually to settle and close their...
Page 8 - The Certificate of Incorporation may also contain any provision which the incorporators may choose to insert for the management of the business and for the conduct of the affairs of the corporation, and any provisions creating, defining, limiting and regulating the powers of the corporation, the directors and the stockholders, or any class...
Page 30 - The general assembly shall provide, by law, that in all elections for directors or managers of incorporated companies, every stockholder shall have the right to vote, in person or by proxy, for the number of shares of stock owned by him, for as many persons as there are directors or managers to be elected...
Page 27 - To procure such certificate, every foreign corporation shall' file and record in the office of the secretary of state a certified copy of its charter or articles of incorporation...
Page 16 - Any corporation may purchase any property authorized by its certificate of incorporation, or necessary for the use and lawful purposes of such corporation, and may issue stock to the amount of the value thereof in payment therefor, and the stock so issued shall be full paid stock and not liable to any further call, neither shall the holder thereof be liable for any further payment under...
Page 9 - Courts of equity will not interfere in the management of the directors, unless it is clearly made to appear that they are guilty of fraud or misappropriation of the corporate funds, or refuse to declare a dividend when the corporation has a surplus of net profits which it can, without detriment to its business, divide among its stockholders, and when a refusal to do so would amount to such an abuse of discretion as would constitute a fraud, or breach of that good faith ПО NW 668.) which they are...