Section 485.127 - Shares deemed personalty; transfer.
RIVER IMPROVEMENT COMPANIES (EXCERPT)
Act 149 of 1869
485.127 Shares deemed personalty; transfer.
Sec. 27.
The shares of any company formed under this act shall be deemed personal property, and may be transferred as shall be prescribed by the by-laws of such company.
History: 1869, Act 149, Imd. Eff. Apr. 5, 1869 ;-- CL 1871, 2742 ;-- How. 3871 ;-- CL 1897, 6747 ;-- CL 1915, 8848 ;-- CL 1929, 11783 ;-- CL 1948, 485.127