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Code · Michigan · Chapter 486 — Water and Power Companies

486.21 Stockholder's liability.

63 words·~1 min read·/mi/chapter-486/486-21

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486.21 Stockholder's liability.
Sec. 21.
The stockholders of all corporations or associations formed under the provisions of this act, shall be individually liable for all labor performed for such corporation or association.
History: 1863, Act 232, Eff. June 22, 1863 ;-- CL 1871, 2765 ;-- How. 3894 ;-- CL 1897, 6787 ;-- CL 1915, 8887 ;-- CL 1929, 11822 ;-- CL 1948, 486.21
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