Mich. Comp. Laws § 450.1467
Responsibility of voting trustee; determination of right to vote and manner of voting.
Michigan · Michigan Compiled Laws — BUSINESS CORPORATION ACT (Act 284 of 1972) · Status: effective
Cite this
- Citation
- Mich. Comp. Laws § 450.1467, Responsibility of voting trustee; determination of right to vote and manner of voting, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1363673
- Permanent ID
ys:prov:1363673@1- SHA-256
835030e19b3c7d5ee4ff8289f670b381a105ea8930af1060d7c735a5f9f7a7a9
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(1) A trustee who votes shares subject to a voting trust incurs no responsibility as shareholder, trustee or otherwise, except for his malfeasance.
(2) Where 2 or more persons are designated as voting trustees, and the right and method of voting shares in their names at a meeting of shareholders are not fixed by the agreement appointing the trustees, the right to vote and the manner of voting the shares at the meeting shall be determined by a majority of the trustees. If the trustees are equally divided as to how the shares shall be voted, the vote shall be divided equally among the trustees.