Shares as Personal Property; Transfer; Applicability of MCL 440.8101 to 440.8601.

  1. Law
  2. Michigan Compiled Laws
  3. Corporations
  4. 162 of 1982 - Nonprofit Corporation Act (450.2101 - 450.3192)
  5. Chapter 4 (450.2401...450.2497)
  6. Shares as Personal Property; Transfer; Applicability of MCL 440.8101 to 440.8601.

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Sec. 471.

The shares of a corporation are personal property. Article 8 of the uniform commercial code, 1962 PA 174, MCL 440.8101 to 440.8601, applies to the transfer of shares only to the extent not inconsistent with this act.

History: 1982, Act 162, Eff. Jan. 1, 1983 ;-- Am. 2000, Act 359, Eff. Mar. 28, 2001


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