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Michigan · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Mich. Comp. Laws § 450.1467: Responsibility of voting trustee; determination of right to vote and manner of voting.

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Where this section sits in the code
  1. MI Code
  2. Chapter 450
  3. Act Act-284-of-1972

Sec. 467.

A trustee who votes shares subject to a voting trust incurs no responsibility as shareholder, trustee or otherwise, except for his malfeasance.

Where 2 or more persons are designated as voting trustees, and the right and method of voting shares in their names at a meeting of shareholders are not fixed by the agreement appointing the trustees, the right to vote and the manner of voting the shares at the meeting shall be determined by a majority of the trustees. If the trustees are equally divided as to how the shares shall be voted, the vote shall be divided equally among the trustees.

Collected 2026-09-14T18:32:31Z. Source file · JSON

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