Statutes > Michigan Statutes > Chapter 450 - CORPORATIONS > Act 162 of 1982 - NONPROFIT CORPORATION ACT (450.2101 - 450.3192) > 162-1982-4 - CHAPTER 4 (450.2401...450.2493) > Section 450.2471 - Shares as personal property; transfer; applicability of MCL 440.8101 to 440.8601.

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

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 ;-- Am. 2000, Act 359, Eff. Mar. 28, 2001