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Code · Michigan · Chapter 450 — Corporations

450.2471 Shares as personal property; transfer; applicability of MCL 440.8101 to 440.8601.

69 words·~1 min read·/mi/chapter-450/450-2471

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450.2471 Shares as personal property; transfer; applicability of MCL 440.8101 to 440.8601.
Sec. 471.
The shares of a corporation are personal property. Article 8 of the uniform commercial code, 1962 PA 174, MCL 440.8101 to 440.8601, applies to the transfer of shares only to the extent not inconsistent with this act.
History: 1982, Act 162, Eff. Jan. 1, 1983 ;-- Am. 2000, Act 359 , Eff. Mar. 28, 2001
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