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2022 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 (2022)
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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