{"data":{"id":"us-mi/mich.-comp.-laws-450.1447a","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 450.1447a","heading":"Voting shares owned by second corporation.","body":"Sec. 447a.\n\nAbsent an order of a court of competent jurisdiction based upon a determination that special circumstances exist and the best interests of the corporation would be served, the shares of a corporation shall not be voted on any matter or considered to be outstanding shares for any purpose related to voting if they are owned, directly or indirectly, by a second corporation, domestic or foreign, and the first corporation owns, directly or indirectly, a majority of the shares entitled to vote for directors of the second corporation.","path":["MI Code","Chapter 450","Act Act-284-of-1972"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-450-1447a","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"2a3263c8fe53b553b147a6cc46adb5721d2e24de094a8c41a9f83990239f8325","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-450.1446","next":"us-mi/mich.-comp.-laws-450.1448"},"notice":"GroundRules: Original legal text. Not legal advice."}