There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - Mich. Comp. Laws § 441.106 Fiduciary security transfers; corporation or transfer agent, nonliability.
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Act 239 of 1959 441.106 Fiduciary security transfers; corporation or transfer agent, nonliability. Sec. 6. A corporation or transfer agent incurs no liability to any person by making a transfer or otherwise acting in a manner authorized by this act.
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