Mich. Comp. Laws § 455.7
Annual report; stockholders, contents; perjury.
Michigan · Michigan Compiled Laws — SUMMER RESORT AND PARK ASSOCIATIONS (Act 230 of 1897) · Status: effective
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- Mich. Comp. Laws § 455.7, Annual report; stockholders, contents; perjury, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1364500
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At each annual meeting such corporation shall make a report to the stockholders, signed by a majority of the board of directors, verified by the oath of the president and secretary of said corporation, containing: First, The amount of capital actually paid in; Second, The amount invested in real estate, with a general description of the same; Third, The amount of personal estate, with a general description thereof; Fourth, The amount of their debts and credits as near as may be; Fifth, A general condensed statement of their business and financial condition; Sixth, The name of each stockholder and his residence and the number of shares held by him as appears by the books of said corporation at the date of such report; and if any person shall knowingly swear or affirm falsely in said report, he shall be deemed guilty of perjury, and punished accordingly.