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Mich. Comp. Laws § 450.1461

Voting agreements between shareholders

Applied in 1 court decision — leading case Madugula v. Taub (2014)

Most recently applied in Madugula v. Taub (July 2014)

1972, Act 284, Eff

Sec. 461. An agreement between 2 or more shareholders, if in writing and signed by the parties, may provide that in exercising voting rights, the shares held by them shall be voted as provided in the agreement, or as they may agree, or as determined in accordance with a procedure agreed upon by them. A voting agreement executed pursuant to this section, whether or not proxies are executed pursuant to the agreement, is not subject to sections 466 through 468. A voting agreement under this section shall be specifically enforceable.

Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.