{"data":{"id":"us-mi/mich.-comp.-laws-500.5913","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.5913","heading":"Allocation of subscription rights to employee benefit plan.","body":"Sec. 5913.\n\nThe plan may allocate to a tax-qualified employee benefit plan subscription rights to purchase up to 10% of the capital stock of the converted stock company or the stock of another corporation that is participating in the conversion plan, as provided in section 5905(1)(c)( i )(A), (B), or (C). This employee benefit plan is entitled to exercise its subscription rights regardless of the total number of shares purchased by other persons.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-5913","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"4bd3ea2c0d2e0c9f6c2c9b8a3ad853288986a7cc95231cf74762d0907914d197","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.5911","next":"us-mi/mich.-comp.-laws-500.5915"},"notice":"GroundRules: Original legal text. Not legal advice."}