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Michigan Compiled Laws, Chapter 450. Corporations § 450.2713

Current as of January 01, 2025 | Updated by Findlaw Staff

Sec. 713. (1) A subsidiary corporation that is a constituent corporation in a merger under section 711  1 shall obtain the approval of its shareholders or members in accordance with the applicable provisions of section 703a.  2

(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.

1 M.C.L.A. § 450.2711.
2 M.C.L.A. § 450.2703a.
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Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 450. Corporations § 450.2713 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-450-corporations/mi-comp-laws-450-2713/

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