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Mich. Comp. Laws § 450.1304a

Redeemable shares.

Michigan · Michigan Compiled Laws — BUSINESS CORPORATION ACT (Act 284 of 1972) · Status: effective

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Mich. Comp. Laws § 450.1304a, Redeemable shares, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1363615
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The articles of incorporation may provide for 1 or more classes or series of shares which are redeemable, in whole or in part, at the option of the shareholder, the corporation, or upon the happening of a specified event. Subject to restrictions imposed by section 345, the shares may be redeemable in cash, bonds, securities, or other property at prices, within the periods, and under conditions as are stated in the articles.