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Form a Business

Stockholders and members; voting rights, quorum.

MCL 500.5234
in effect
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500.5234. Stockholders and members; voting rights, quorum. Sec. 5234. A majority of the shares entitled to vote on a particular subject matter at any meeting of the stockholders shall constitute a quorum for such vote unless otherwise provided by law or in the articles or in any bylaw adopted by the stockholders. A minimum of 10 members present in person shall constitute a quorum at any meeting of those insurers having members only and no stockholders, unless a larger number is specified in the articles or in any bylaw adopted by the members. 1956, Act 218, Eff. Jan. 1, 1957 [PopularName] Act 218
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-500-5234Fetched: 10/20/2026

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