§ 455.7 — Annual report; stockholders, contents; perjury.

Michigan § 455.7

• Jurisdiction: Michigan
• Ch. 455: SUMMER RESORT AND PARK ASSOCIATIONS
• Act 230 of 1897: SUMMER RESORT AND PARK ASSOCIATIONS (455.1-455.24)

Text

SUMMER RESORT AND PARK ASSOCIATIONS (EXCERPT) Act 230 of 1897 455.7 Annual report; stockholders, contents; perjury. Sec. 7. At each annual meeting such corporation shall make a report to the stockholders, signed by a majority of the board of directors, verified by the oath of the president and secretary of said corporation, containing: First, The amount of capital actually paid in; Second, The amount invested in real estate, with a general description of the same; Third, The amount of personal estate, with a general description thereof; Fourth, The amount of their debts and credits as near as may be; Fifth, A general condensed statement of their business and financial condition; Sixth, The name of each stockholder and his residence and the number of shares held by him as appears by the books of said corporation at the date of such report; and if any person shall knowingly swear or affirm falsely in said report, he shall be deemed guilty of perjury, and punished accordingly.

Legislative History

1897, Act 230, Imd. Eff. June 4, 1897 ;-- CL 1897, 7624 ;-- CL 1915, 10040 ;-- CL 1929, 10310 ;-- CL 1948, 455.7