Certificate Of Share Exchange For Domestic Or Foreign Profit Corps {553}

553 - CERTIFICATE OF SHARE EXCHANGE FOR USE BY DOMESTIC PROFIT OR FOREIGN ACQUIRING PROFIT CORPORATIONS. This form is used in Michigan by domestic profit corporations, or by foreign profit corporations acquiring shares, to record and approve the exchange of shares between corporations. This form establishes the names and identification numbers of the corporations involved, identifies the acquiring corporation, and sets forth the manner and basis of exchanging shares as outlined in the approved plan of exchange. It verifies that the plan was properly adopted by the boards of directors of the corporations, and when required, approved by shareholders in compliance with Michigan law. The certificate also serves as official notice that the acquiring corporation will furnish the plan of exchange to shareholders upon request. Once filed with the Michigan Department of Licensing and Regulatory Affairs, the share exchange becomes legally binding, effectively consolidating ownership or restructuring corporate control as detailed in the plan. www.FormsWorkflow.com