457.26 Erection of buildings; capital stock, creation, shares.
98 words·~1 min read·
/mi/chapter-457/457-26A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
457.26 Erection of buildings; capital stock, creation, shares.
Sec. 6.
Any corporation formed in pursuance of this act may erect and own such suitable edifices, buildings, or halls as such corporation shall deem necessary, with convenient rooms for the meetings of said society, and for that purpose may create a capital stock of not more than 60,000 dollars to be divided into shares of not more than 25 dollars each.
History: 1877, Act 41, Imd. Eff. Mar. 30, 1877 ;-- How. 4532 ;-- CL 1897, 7816 ;-- CL 1915, 10252 ;-- CL 1929, 10542 ;-- CL 1948, 457.26