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