Section 486.66 - Shares deemed personal property; transfer.
WATER POWER COMPANIES (EXCERPT)
Act 39 of 1883
486.66 Shares deemed personal property; transfer.
Sec. 16.
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: 1883, Act 39, Imd. Eff. Apr. 21, 1883 ;-- How. 3895p ;-- CL 1897, 6804 ;-- CL 1915, 8903 ;-- CL 1929, 11838 ;-- CL 1948, 486.66
Popular Name: Water Company Act