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Home » US Law » 2022 Michigan Compiled Laws » Chapter 473 - Consolidated Public Utility Companies » Act 54 of 1903 - Consolidation of Gas Light, Consolidated, and Foreign Companies (473.61 - 473.65)

Section 473.62 – Consolidation Agreement; Contents.

473.62 Consolidation agreement; contents. Sec. 2. The directors of such corporation so proposing to consolidate, may enter into an agreement for the consolidation of such corporations, prescribing the terms and conditions thereof; the mode of carrying the same into effect; the name of the new corporation; the location and principal place of business thereof; the […]

Section 473.63 – Consolidation Agreement; Ratification by Stockholders.

473.63 Consolidation agreement; ratification by stockholders. Sec. 3. Such agreement shall not be deemed to be the agreement of such consolidating corporations until it shall have been ratified either by the vote of at least 3/4 of the capital stock of each of such corporations at a separate meeting of the stockholders of such corporation, […]

Section 473.64 – Completion of Consolidation; Evidence.

473.64 Completion of consolidation; evidence. Sec. 4. Upon the ratification of such agreement, in either of the modes aforesaid, by the stockholders of all of the corporations, who are parties thereto, such agreement, together with every such consent annexed thereto, together also with and annexed thereto a copy of the record of the proceedings had […]

Section 473.65 – Consolidated Company; Rights, Powers and Duties.

473.65 Consolidated company; rights, powers and duties. Sec. 5. Such consolidated company shall have and succeed to all the property, powers, rights, privileges, franchises and immunities possessed and enjoyed by the constituent corporations forming the same, which were organized under the laws of this state; and such new corporation shall be subject to all restrictions […]