Section 485.204 – Annual Report; Contents, Filing, Inspection by Stockholders.
485.204 Annual report; contents, filing, inspection by stockholders. Sec. 4. Every such corporation shall annually, in the month of January, make a report, signed by its president and secretary, containing: First, The amount of capital stock actually paid in; Second, The amount invested in real and personal estate; Third, The amount of their debts and […]
Section 485.205 – Stock Divided Into Shares; Increase.
485.205 Stock divided into shares; increase. Sec. 5. The amount of the capital stock of every such corporation shall be fixed and limited by the stockholders in their articles of association, and shall be divided into shares of 100 dollars each, 10 per cent of which shall be paid in. The capital stock and the […]
Section 485.206 – First Meeting; Calling.
485.206 First meeting; calling. Sec. 6. When any corporation shall be formed under this act, any 2 of those associated may call the first meeting of the corporation at such time and place as they may appoint, by giving notice thereof by publishing the same in some newspaper published in the county where the office […]
Section 485.207 – Directors; Powers, Election, Term, Officers, Selection, Term.
485.207 Directors; powers, election, term, officers, selection, term. Sec. 7. The business and property of said company shall be managed by a board of directors of not less than 3 nor more than 9 directors, who, after the first year, shall be elected annually as the by-laws of said company shall direct; and public notice […]