Section 455.21 – Stockholders; Map or Plat of Land; Ownership, Sale; Dissolution, Disposition of Lots; Parks and Walks Dedicated to Public Use.
455.21 Stockholders; map or plat of land; ownership, sale; dissolution, disposition of lots; parks and walks dedicated to public use. Sec. 21. Whenever any such corporation shall cause to be platted any part or portion of its lands in the manner prescribed in the foregoing section of this act, it may by its by-laws, provide […]
Section 455.22 – Repeal; Saving Clause; Provisions Governing Act.
455.22 Repeal; saving clause; provisions governing act. Sec. 22. Act No. 151 of the session laws of 1869, entitled “An act to provide for the formation of joint stock companies for the purpose of owning and maintaining skating parks or rinks and parks kept for ornament, recreation and amusement,” approved April fifth, 1869, and Act […]
Section 455.23 – Special Dues; Purpose, Time, Enforcement.
***** 455.23 THIS SECTION IS AMENDED EFFECTIVE 91 DAYS AFTER ADJOURNMENT OF THE 2022 REGULAR SESSION SINE DIE: See 455.23.amended ***** 455.23 Special dues; purpose, time, enforcement. Sec. 23. It shall be lawful for the stockholders at a special meeting called for that purpose by a vote of a majority of all the capital stock, […]
Section 455.23.amended – Special Dues; Purpose, Time, Enforcement.
***** 455.23.amended THIS AMENDED SECTION IS EFFECTIVE 91 DAYS AFTER ADJOURNMENT OF THE 2022 REGULAR SESSION SINE DIE ***** 455.23.amended Special dues; purpose, time, enforcement. Sec. 23. (1) The stockholders of the corporation, at a special meeting called for that purpose by a vote of a majority of all the capital stock, may authorize the […]
Section 455.24 – Associate Members; Terms; Stock, Disposition.
455.24 Associate members; terms; stock, disposition. Sec. 24. It 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 […]
Section 455.13 – Books; Inspection; Stock, Transfer.
455.13 Books; inspection; stock, transfer. Sec. 13. It shall be the duty of the directors of any such corporation to cause proper books to be kept by the secretary and treasurer, containing the names of all persons who are stockholders, together with their places of residence, and wherein shall be entered all matters and things […]
Section 455.14 – Capital Stock; Deemed Personal Property, Transfer; Lien on Stock, Enforcement; Subscriptions; Shares, Issuance.
455.14 Capital stock; deemed personal property, transfer; lien on stock, enforcement; subscriptions; shares, issuance. Sec. 14. The stock of every such corporation shall be deemed personal property, and may be transferred as shall be prescribed by this act and by the by-laws of the corporation, and such corporation shall at all times have a lien […]
Section 455.15 – Capital Stock; Subscriptions, Payment; Suit; Sale, Procedure; Disposition of Proceeds; Purchaser, Rights.
455.15 Capital stock; subscriptions, payment; suit; sale, procedure; disposition of proceeds; purchaser, rights. Sec. 15. The directors may require the subscribers to the capital stock of the corporation to pay the amount by them respectively subscribed, in such manner and in such installments as they may deem proper. If any stockholder shall neglect or refuse […]
Section 455.16 – Annual Dues; Levy, Use, Payment.
455.16 Annual dues; levy, use, payment. Sec. 16. It shall be lawful for the board of directors to provide for annual dues to be levied upon each share of stock which shall be paid by the holder thereof in such an amount and under such rules and regulations as shall be provided by the by-laws […]
Section 455.16a – Allocation of Taxable and Assessed Values to Stockholder Lessees; Percentage; Burden of Proof; Property Transfer Affidavit; Assessment Roll Change or Tax Roll Change; “Inflation Rate” Defined.
455.16a Allocation of taxable and assessed values to stockholder lessees; percentage; burden of proof; property transfer affidavit; assessment roll change or tax roll change; “inflation rate” defined. Sec. 16a. (1) Beginning January 1, 2012, if a corporation subject to this act has real property that has been platted under section 20 and lots in that […]