Section 450.2461 - Agreement as to voting rights.
NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982
450.2461 Agreement as to voting rights.
Sec. 461.
An agreement between 2 or more shareholders or members, if in writing and signed by the parties thereto, may provide that in exercising voting rights, they shall cast their votes as provided in the agreement, or as they may agree, or as determined in accordance with a procedure agreed upon by them.
History: 1982, Act 162, Eff. Jan. 1, 1983