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Subsidiary corporation as constituent corporation in merger; approval of shareholders or members.

MCL 450.2713
in effect
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450.2713. Subsidiary corporation as constituent corporation in merger; approval of shareholders or members. Sec. 713. (1) A subsidiary corporation that is a constituent corporation in a merger under section 711 shall obtain the approval of its shareholders or members in accordance with the applicable provisions of section 703a. (2) A parent corporation shall obtain approval of its shareholders or members for a merger under section 711 if either of the following applies: (a) Its articles of incorporation require shareholder or member approval of the merger. (b) Pursuant to section 703a, the plan of merger contains a provision that would amend any part of the articles of incorporation of the parent corporation into which a subsidiary corporation is being merged, or a subsidiary corporation is to be the surviving corporation of the merger. Add. 2014, Act 557, Imd. Eff. Jan. 15, 2015
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-450-2713Fetched: 10/20/2026

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