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
Michigan Legal Code