US Lawyer Database

486.216 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: 1905, Act 283, Eff. Sept. 16, 1905 ;– CL 1915, 8935 ;– CL 1929, 11870 ;– CL 1948, 486.216