454.159 Trade promotion societies; new corporation, rights, recovery. Sec. 9. All moneys, properties, or rights in action, equitably belonging to any society, union, or association at the time the same shall become incorporated under the provisions of this act, shall vest in the corporation so formed, and may be recovered by such corporation in an action of assumpsit, or on the case from any person unlawfully withholding the same. History: 1885, Act 145, Eff. Sept. 19, 1885 ;-- How. 3934i ;-- CL 1897, 7459 ;-- CL 1915, 9831 ;-- CL 1929, 10298 ;-- CL 1948, 454.159
Michigan Legal Code