Michigan Laws 457.439 – Amendment of articles; procedure
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Terms Used In Michigan Laws 457.439
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
Every corporation organized or existing under the provisions of this act may at any regular meeting or at any meeting duly called for that purpose, amend its articles of association in any manner not inconsistent with the provisions of this act, but such amendment shall not become operative until a copy of such amendment, signed by the presiding officer and the secretary of the corporation shall have been recorded as is provided herein for the recording of original articles of association when such amendment shall have the same force and effect as though included in the original articles.