UNIFORM SYSTEM OF ACCOUNTING
Act 71 of 1919
21.44 Accounting system; uniform annual financial reports from county offices; filing.
Sec. 4.
It shall be the duty of each county office to make an annual financial report in accordance with forms prescribed by the state treasurer, which shall be uniform for all accounts of the same class. The reports shall be made in duplicate, 1 copy of which shall, within 6 months after the close of each fiscal year, be filed in the office of the state treasurer, and shall contain an accurate statement in summarized form showing, for each fiscal year, the amount of all collections and receipts from all sources, and their disposition, all accounts due the public treasury but not collected, the amount of expenditures for every purpose and by what authority authorized, the amount of indebtedness, the cost of operation of all industrial activities and financial results obtained, balance of funds on hand at the close of each fiscal period, together with any other information as may be required by the state treasurer.
History: 1919, Act 71, Imd. Eff. Apr. 15, 1919 ;-- CL 1929, 302 ;-- CL 1948, 21.44 ;-- Am. 2002, Act 370, Imd. Eff. May 24, 2002 ;-- Am. 2009, Act 68, Imd. Eff. July 9, 2009
Notes of Decisions
Dettore v. Brighton Twp., 284 N.W.2d 148 (Mich. Ct. App. 1979).
“See GCR 1963, 606. On the contrary, it is well established that a party concession or admission concerning a question of law or the legal effect of a statute as opposed to a statement of fact is not binding on the court.”
Porter v. C. O. Porter Mach. Co., 58 N.W.2d 135 (Mich. 1953).
· cites it 3× “44 [Stat Ann § 21.44]) in part reads as follows: “If a corporation has authorized the sale, lease or exchange of all or substantially all of its assets a shareholder who was a shareholder at the time such action was authorized and who voted against such action may, within 20…”
Poss v. Rossen-Poss Agency, Inc., 143 N.W.2d 616 (Mich. Ct. App. 1966).
“44 (Stat Ann 1963 Rev § 21.44) and from denial of defendant’s motion to vacate said order and for rehearing.”
Weckler v. Valley City Mill. Co., 93 F. Supp. 444 (W.D. Mich. 1950).
“§ 21.44, a stockholder who objects to a proposed sale of assets is given a single and exclusive remedy; that is, he must vote against the proposed sale, and within 20 days after the sale is authorized he must object thereto in writing and demand from the corporation the payment…”
Pollack v. Adwood Corp., 32 N.W.2d 62 (Mich. 1948).
· cites it 2× “§ 21.44]). Defendant corporation (hereinafter referred to as defendant) answered the petition, setting forth new matter in its answer.”
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