NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982
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
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Am. 2000, Act 359, Eff. Mar. 28, 2001
© 2009 Legislative Council, State of Michigan
