{"data":{"id":"us-mi/mich.-comp.-laws-455.24","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 455.24","heading":"Associate members; terms; stock, disposition.","body":"Sec. 24.\n\nIt shall be lawful for the stockholders of any such corporation, either at the time the articles shall be executed, or at any subsequent period, by a vote of 2/3 of the capital stock, to provide the terms upon which persons may become associate members of the organization, with or without being stockholders therein, and also to provide for the limitation upon sale or other disposition of such stock and for the custody of the certificates thereof.","path":["MI Code","Chapter 455","Act Act-230-of-1897"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-455-24","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"4b51ccc1bd46cbbacabc6f9a70dabdf0e1778e76556f0a3edb5a50e84637bdcf","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-455.23","next":"us-mi/mich.-comp.-laws-455.3"},"notice":"GroundRules: Original legal text. Not legal advice."}