Section 472.27 - Transfer of records to bureau of commercial services; organization of entity; street railway not subject to railroad code of 1993.
NONPROFIT STREET RAILWAY ACT (EXCERPT)
Act 35 of 1867
472.27 Transfer of records to bureau of commercial services; organization of entity; street railway not subject to railroad code of 1993.
Sec. 27.
(1) Within 30 days of the effective date of the amendatory act that added section 21, the secretary of state or any other agency having records of a street railway formed under this act prior to the effective date of the amendatory act that added section 21 shall certify and transfer the records to the bureau of commercial services of the department of energy, labor, and economic growth.
(2) Any entity formed on or after the effective date of the amendatory act that added section 21 for the purpose of acquiring, owning, constructing, furnishing, equipping, completing, operating, improving, and maintaining a street railway or street railway system shall be organized under this act.
(3) A street railway is not subject to the railroad code of 1993, 1993 PA 354, MCL 462.101 to 462.451.
History: 1867, Act 35, Imd. Eff. Mar. 5, 1867 ;-- CL 1871, 2528 ;-- How. 3562 ;-- CL 1897, 6459 ;-- CL 1915, 8556 ;-- CL 1929, 11316 ;-- CL 1948, 472.27 ;-- Am. 2008, Act 481, Imd. Eff. Jan. 12, 2009