There is a newer version of the Michigan Compiled Laws
2015 Michigan Compiled Laws
Chapter 486 - Water and Power Companies
Act 39 of 1883 WATER POWER COMPANIES (486.51 - 486.66)
AN ACT to authorize the formation of corporations for the purpose of excavating, constructing and maintaining water courses with water power appurtenant thereto, for accumulating, storing, conducting, selling, furnishing and supplying, upon an agreed rental, water and water power for mining, milling, manufacturing, domestic, municipal and agricultural purposes.
History: 1883, Act 39, Imd. Eff. Apr. 21, 1883
Popular Name: Water Company Act
- Section 486.51 Water power and supply corporations; incorporators; powers.
- Section 486.52 Certificate; contents; recording and filing.
- Section 486.53 Body corporate; governing laws.
- Section 486.54 Board of directors; members, election, qualification.
- Section 486.55 Board of directors; election, notice.
- Section 486.56 Board of directors; majority control.
- Section 486.57 Capital stock; subscriptions; increase, procedure.
- Section 486.58 Capital stock; subscriptions, calling in; sale, procedure, proceeds; purchaser's rights.
- Section 486.59 Corporate powers; liabilities and restrictions.
- Section 486.60 Power to construct railroads, telegraph and telephone lines; holding of realty.
- Section 486.61 Furnishing and use of water; rent, collection.
- Section 486.62 Injury to stream or property; misdemeanor, penalty.
- Section 486.63 Board of directors; annual report, contents.
- Section 486.65 Stockholder's liability; recovery prerequisites.
- Section 486.66 Shares deemed personal property; transfer.
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
