{"data":{"id":"us-mi/mich.-comp.-laws-485.3","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 485.3","heading":"Articles; filing, prerequisites; vote of stockholder.","body":"Sec. 3.\n\nSuch articles of agreement shall not be filed in the office of the secretary of state until 5 per cent of the capital subscribed shall have been paid to the directors named in the articles, nor until there is endorsed on said articles, or annexed thereto, an affidavit of 2 of the directors that the amount of capital stock required by the section has been subscribed, and 5 per cent paid; and no stockholder shall be entitled to vote on any question which shall come before a meeting of the stockholders unless all assessments due on stock standing in his name shall have been paid.","path":["MI Code","Chapter 485","Act Act-233-of-1875"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-485-3","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"cc1dae567f27219a66d5231cfc1dfa663e9966f48098948de6db194abff94cc8","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-485.25","next":"us-mi/mich.-comp.-laws-485.4"},"notice":"GroundRules: Original legal text. Not legal advice."}