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Form a Business

Shares as personal property; shares transferable.

MCL 450.1471
in effect
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450.1471. Shares as personal property; shares transferable. 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. 1972, Act 284, Eff. Jan. 1, 1973; Am. 2000, Act 358, Eff. Mar. 28, 2001
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-450-1471Fetched: 10/20/2026

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