{"data":{"id":"us-mi/mich.-comp.-laws-450.1621","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 450.1621","heading":"Dissent of shareholder to amendment; payment to dissenting shareholder.","body":"Sec. 621.\n\nA holder of adversely affected shares who does not vote for or consent in writing to a proposed amendment may dissent, pursuant to section 762, and receive payment for the shares, if the amendment does either of the following:\n\nMaterially alters or abolishes a preferential right of the shares having preferences.\n\nCreates, alters, or abolishes a material provision or right in respect of the redemption of the shares or a sinking fund for the redemption or purchase of the shares.\n\nA dissenting shareholder shall not receive payment in excess of the sum payable upon redemption of the shares or liquidation of the corporation, whichever is less.","path":["MI Code","Chapter 450","Act Act-284-of-1972"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-450-1621","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"953acd9c246a3f02bc71f86d8db6a050bdd799e085722efee1b7ace04843714d","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-450.1615","next":"us-mi/mich.-comp.-laws-450.1631"},"notice":"GroundRules: Original legal text. Not legal advice."}