{"data":{"id":"us-mi/mich.-comp.-laws-486.304","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 486.304","heading":"Capital stock; fixed amount, increase.","body":"Sec. 4.\n\nThe amount of capital stock in every such corporation shall be fixed by the stockholders in their articles of association, but shall in no case be less than 10,000 dollars; said stock may be increased from time to time as may be directed by the stockholders; and when the same is so increased, the same record shall be made of the fact, with the name of the stockholders, as required by section 2 of this act; and all the stock of said company shall be divided into shares of 50 dollars each.","path":["MI Code","Chapter 486","Act Act-113-of-1869"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-486-304","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"7470dde432c9d0fdf0e556acb322969e53a477a8f79fa8a3c3e68815b802705c","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-486.303","next":"us-mi/mich.-comp.-laws-486.305"},"notice":"GroundRules: Original legal text. Not legal advice."}