# MCL 487.1407

MCL 487.1407, “Dividend and distribution policies; buying back share of stock or membership interest”, is an MCL section of [1986 PA 89](https://ontology.bommaritollc.com/id/01a0d565-2aaa-7642-bf99-b528c53c9aaa) (Michigan BIDCO Act); in force.

IRI: <https://ontology.bommaritollc.com/id/01a0d566-8132-711e-9aca-cc2742073d21>

Within: [1986 PA 89](https://ontology.bommaritollc.com/id/01a0d565-2aaa-7642-bf99-b528c53c9aaa) › [1986 PA 89, Article 4](https://ontology.bommaritollc.com/id/01a0e4d7-fe50-73cd-a4fe-7f9eaf148d62)

Type: [schema:Legislation](https://schema.org/Legislation)

- `adms:identifier`: [mcl-object mcl-487-1407](https://ontology.bommaritollc.com/id/01a0d566-8133-7397-b350-01f0753b953c)
- `prov:wasDerivedFrom`:
  - [evidence from https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-487-1407](https://ontology.bommaritollc.com/id/01a0d566-8132-711e-9aca-cc260ce4c371)
  - [evidence from https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-487-1407](https://ontology.bommaritollc.com/id/01a0e4d8-6b9b-7250-8629-b3942e704899)
- `schema:isPartOf`:
  - [1986 PA 89](https://ontology.bommaritollc.com/id/01a0d565-2aaa-7642-bf99-b528c53c9aaa)
  - [1986 PA 89, Article 4](https://ontology.bommaritollc.com/id/01a0e4d7-fe50-73cd-a4fe-7f9eaf148d62)
- `schema:legislationIdentifier`: MCL 487.1407
- `schema:legislationJurisdiction`: [Michigan](https://ontology.bommaritollc.com/id/01a0ca47-57ff-7219-9e2f-cdc1b39bd0fa)
- `schema:legislationLegalForce`: [schema:InForce](https://schema.org/InForce)
- `schema:legislationType`: [MCL section](https://ontology.bommaritollc.com/vocab/leg/mclSection)
- `schema:name`: Dividend and distribution policies; buying back share of stock or membership interest.
- `schema:url`: [https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-487-1407](https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-487-1407)
- `skos:prefLabel`: MCL 487.1407

## Elsewhere

- [Official page](https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-487-1407) (www.legislature.mi.gov)

## Pointing here

- Amended by (1; `eli:amends`):
  - [1997 PA 150](https://ontology.bommaritollc.com/id/01a0d565-6045-749b-9633-868b9f18c7a1)

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Cite as: MCL 487.1407. bc-ontology, release 0.1.0-rc15, 2026-09-28. https://ontology.bommaritollc.com/id/01a0d566-8132-711e-9aca-cc2742073d21
Release 0.1.0-rc15, graph hash 90961d0d6b29954f5f0257ebc2d1d12c6ce580def6a2f45cbf04d248aa879e72.