Section 462.219 – Subscribers to Capital Stock; Payment in Installments; Forfeiture of Stock for Neglect or Refusal to Pay.
462.219 Subscribers to capital stock; payment in installments; forfeiture of stock for neglect or refusal to pay. Sec. 219. The board of directors may, by resolution, require the subscribers to the capital stock to pay the amounts by them respectively subscribed in a manner and in installments as the board considers proper. If a subscriber […]
Section 462.221 – Stock as Personal Estate; Transfer.
462.221 Stock as personal estate; transfer. Sec. 221. The stock of a railroad company is considered personal estate and is transferable in the manner and under such restrictions and conditions as may be provided for in the by-laws, but any certificate of stock issued before payment in full, shall show on its face, or by […]
Section 462.223 – Railroad Company; Liabilities and Restrictions.
462.223 Railroad company; liabilities and restrictions. Sec. 223. A railroad company shall possess the general powers and be subject to the following liabilities and restrictions: (a) To cause such examinations and surveys of the proposed railroad, or railroad bridge or tunnel to be made as may be necessary to the selection of the most advantageous […]
Section 462.225 – Ownership and Operation of Steamboats, Barges, or Vessels; Conditions.
462.225 Ownership and operation of steamboats, barges, or vessels; conditions. Sec. 225. A railroad company in this state having either or both of its terminals at the shore of 1 of the navigable lakes or streams through which the boundary line between this state and other states or the Dominion of Canada passes, where physical […]
Section 462.161 – Review of Order; Time for Bringing Action.
462.161 Review of order; time for bringing action. Sec. 161. The time allowed by law for bringing an action to review any order of the department, shall continue after the order denying a rehearing or made upon a rehearing, for the same number of days now provided by law for review of the order upon […]
Section 462.171 – Action to Vacate or Set Aside Order; Issuance of Injunction to Stay or Suspend Order; Different or Additional Evidence; Appeal; Burden of Proof.
462.171 Action to vacate or set aside order; issuance of injunction to stay or suspend order; different or additional evidence; appeal; burden of proof. Sec. 171. (1) Any railroad or other party in interest, being dissatisfied with any order of the department may within 30 days after the issuance of the order commence an action […]
Section 462.173 – Service of Process; Practice and Rules of Evidence; Execution of Process; Certified Copies of Orders.
462.173 Service of process; practice and rules of evidence; execution of process; certified copies of orders. Sec. 173. (1) In all actions and proceedings in court arising under this act process shall be served and the practice and rules of evidence shall be the same as in civil actions, except as otherwise provided in this […]
Section 462.131 – Regulatory and Police Power of Department; Rules.
462.131 Regulatory and police power of department; rules. Sec. 131. (1) To the extent provided in this act, the department shall have and exercise regulatory and police power over railroad companies in this state insofar as such power has not been preempted by federal law or regulation. (2) The department may promulgate and enforce rules […]
Section 462.133 – Records to Be Kept by Department.
462.133 Records to be kept by department. Sec. 133. The department shall keep a record of all its findings, decisions, determinations, and investigations under this act. History: 1993, Act 354, Imd. Eff. Jan. 14, 1994
Section 462.137 – Reports to Be Furnished to Department.
462.137 Reports to be furnished to department. Sec. 137. Railroads shall furnish to the department copies of Michigan train-vehicle accident reports filed with the federal railroad administration. History: 1993, Act 354, Imd. Eff. Jan. 14, 1994