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 […]
Section 455.17 – Stockholders’ Liability; Subrogation; Contribution.
455.17 Stockholders’ liability; subrogation; contribution. Sec. 17. The stockholders of all corporations formed under this act shall be jointly, severally and individually liable for all labor and services performed for such corporation, which said liability, founded on this statue [statute], may be enforced by a suit at law in an action of assumpsit, at any […]
Section 455.18 – Annual Report.
455.18 Annual report. Sec. 18. All corporations formed under the provisions of this act shall annually, between the months of March and the end of the succeeding August, make a report which shall state the amount of the capital stock actually paid in and the amount of money borrowed if any, which report shall be […]
Section 455.20 – Stockholders; Map or Plat of Land; Record; Use as Evidence; Street, Public Places.
455.20 Stockholders; map or plat of land; record; use as evidence; street, public places. Sec. 20. If the by-laws of any such corporation shall provide that the stockholders shall be entitled to select a lot on the lands of said corporation for the purpose of building thereon, it shall be the duty of the directors […]
Section 455.8 – First Meeting; Notice.
455.8 First meeting; notice. Sec. 8. When any corporation shall be formed under the provisions of this act, any 2 of those associated may call the first meeting of such corporations, at such time and place as they may appoint, giving notice as is provided in section 6 of this act: Provided, That such notice […]
Section 455.9 – Board of Directors; Qualifications, Election, Terms, Vacancy; Stock, Ceasing Ownership; Quorum.
***** 455.9 THIS SECTION IS AMENDED EFFECTIVE 91 DAYS AFTER ADJOURNMENT OF THE 2022 REGULAR SESSION SINE DIE: See 455.9.amended ***** 455.9 Board of directors; qualifications, election, terms, vacancy; stock, ceasing ownership; quorum. Sec. 9. The board of directors shall consist of not less than 3 nor more than 9 members as the articles of […]
Section 455.9.amended – Board of Directors; Qualifications, Election, Terms, Vacancy; Stock, Ceasing Ownership; Quorum.
***** 455.9.amended THIS AMENDED SECTION IS EFFECTIVE 91 DAYS AFTER ADJOURNMENT OF THE 2022 REGULAR SESSION SINE DIE ***** 455.9.amended Board of directors; qualifications, election, terms, vacancy; stock, ceasing ownership; quorum. Sec. 9. (1) The board of directors shall consist of not less than 3 and not more than 9 members as determined by the […]
Section 455.10 – Board of Directors; Powers.
***** 455.10 THIS SECTION IS AMENDED EFFECTIVE 91 DAYS AFTER ADJOURNMENT OF THE 2022 REGULAR SESSION SINE DIE: See 455.10.amended ***** 455.10 Board of directors; powers. Sec. 10. The board of directors shall have the management and control of the stock, business, finances, rights and interests, buildings and all property, real and personal, of the […]
Section 455.10.amended – Board of Directors; Powers.
***** 455.10.amended THIS AMENDED SECTION IS EFFECTIVE 91 DAYS AFTER ADJOURNMENT OF THE 2022 REGULAR SESSION SINE DIE ***** 455.10.amended Board of directors; powers. Sec. 10. (1) The board of directors of the corporation shall manage and control the stock, business, finances, rights and interests, buildings, and real and personal property of the corporation. (2) […]