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the Michigan Compiled Laws
2012 Michigan Compiled Laws
Chapter 486 — WATER AND POWER COMPANIES
Act 232 of 1863 — WATER POWER COMPANIES (486.1 - 486.22)
Section 486.21 — Stockholder's liability.
Universal Citation:
MI Comp L § 486.21 (2012 through Reg Sess)
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WATER POWER COMPANIES (EXCERPT)
Act 232 of 1863
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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