454.6 Mechanics' associations; property, limitations. Sec. 6. No association shall hold any real estate hereafter acquired, for a longer period than 10 years, except such real estate as shall be actually occupied by it in the exercise of its franchises. History: 1857, Act 188, Imd. Eff. Feb. 17, 1857 ;-- CL 1857, 1793 ;-- CL 1871, 2800 ;-- Am. 1873, Act 70, Imd. Eff. Apr. 3, 1873 ;-- How. 3929 ;-- CL 1897, 7428 ;-- CL 1915, 9800 ;-- CL 1929, 10267 ;-- CL 1948, 454.6
Michigan Legal Code