DTE Energy 2014 Annual Report Download - page 136

ARTICLE IV.
Capital Stock
Section 1. Certificates of Shares. Shares of the Company’s stock may be certificated or uncertificated, as provided under
Michigan law at any time. The certificated shares shall be represented by certificates signed by the Chairman of the Board, the
President or a Vice President and may also be signed by the Treasurer, an Assistant Treasurer, the Corporate Secretary or an Assistant
Corporate Secretary of the Company, and shall be countersigned by a transfer agent for the stock and registered by a registrar for such
stock. The signatures of the officers and the transfer agent and the registrar upon such certificates may be facsimiles, engraved, or
printed, subject to the provisions of applicable law. In case any officer, transfer agent, or registrar shall cease to serve in that capacity
after their facsimile signature has been placed on a certificate, the certificates may be issued with the same effect as if the officer,
transfer agent, or registrar were still in office. A certificate representing shares shall state on its face that the Company is formed under
the laws of the State of Michigan and shall also state the name of the person to whom it is issued, the number and class of shares and
the designation of the series, if any, that the certificate represents, and any other provisions that may be required by the laws of the
State of Michigan or by federal law or by the rules or regulations of any stock exchange or other organization applicable to the
Company.
Section 2. Uncertificated Shares. The Board of Directors may authorize, by resolution, the issuance of some or all of the
shares of any class or series without certificates. The authorization will not affect shares already represented by certificates until the
certificates are surrendered to the Company. Within a reasonable time after the issuance or transfer of shares without certificates, the
Company shall send the shareholder a written statement of the information required on certificates by applicable law, rule or regulation.
Section 3. Transfer of Shares. The Company shall make transfers of stock on the Company’s books (a) upon the presentation
of the certificates by the registered holder in person or by duly authorized agent or attorney, or upon presentation of proper evidence of
succession, assignment or authority to transfer the stock and upon surrender of the appropriate certificates, or (b) in the case of
uncertificated shares, upon receipt of proper transfer instructions from the registered owner of such uncertificated shares, or from a duly
authorized agent or attorney or from an individual presenting proper evidence of succession, assignment or authority to transfer the
stock.
Section 4. Lost or Destroyed Stock Certificates. No certificate for shares of stock of the Company shall be issued in place of
any certificate alleged to have been lost, stolen or destroyed, except upon production of such evidence of the loss, theft or destruction,
and upon indemnification of the Company and its agents to such extent and in such manner as the Board of Directors may from time to
time prescribe.