{"data":{"id":"us-mi/mich.-comp.-laws-450.2445","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 450.2445","heading":"Voting of shares or membership held by person in representative or fiduciary capacity or held jointly by fiduciaries.","body":"Sec. 445.\n\nThe vote of shares or a membership held by a person in a representative or fiduciary capacity may be cast by that person without a transfer of the shares or membership into the name of the representative or fiduciary.\n\nThe vote of shares or a membership held jointly by fiduciaries, where the instrument or order appointing the fiduciaries does not otherwise direct, shall be cast as follows:\n\nIf only 1 fiduciary votes, that act binds all.\n\nIf more than 1 fiduciary votes, the vote of the shares or membership shall be cast as the majority of the fiduciaries determines.\n\nIf the fiduciaries ae equally divided as to how the vote of the shares or membership shall be cast, a court having jurisdiction in an action brought by any of the fiduciaries or by any beneficiary may appoint an additional person to act with the fiduciaries in such matter, and the vote of the stock or membership shall be cast by the majority of such fiduciaries and such additional person.","path":["MI Code","Chapter 450","Act Act-162-of-1982"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-450-2445","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"a5d793ea2dd1d7f51f1157503513d3c8af0a558000f41283abbeff5d185a1647","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-450.2444","next":"us-mi/mich.-comp.-laws-450.2446"},"notice":"GroundRules: Original legal text. Not legal advice."}