Sec. 471. The shares of a corporation are personal property and are transferable in accordance with article 8 of the uniform commercial code, 1962 PA 174, MCL 440.8101 to 440.8601, except as otherwise provided in this act.
Mich. Comp. Laws § 450.1471
Shares as personal property; shares transferable
Applied in 2 court decisions — leading case 401 F. Supp. 26 - Rare Earth, Inc. v. Hoorelbeke (1975)
Most recently applied in In Re Cormier (February 2008)
1972, Act 284, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.