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Michigan Legislature
Michigan Compiled Laws Complete Through PA 178 of 2019
House: Adjourned until Tuesday, January 21, 2020 1:30:00 PM
Senate: Adjourned until Tuesday, January 21, 2020 10:00:00 AM

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Act 202 of 1887
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Act 202 of 1887

AN ACT to authorize the formation of corporations for the purpose of damming, 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 and for purposes of navigation.

History: 1887, Act 202, Imd. Eff. June 18, 1887

© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

Section 486.101SectionWater power and supply corporations; incorporators; powers.
Section 486.102SectionCertificate; contents; recording and filing.
Section 486.103SectionBody corporate; governing laws.
Section 486.104SectionBoard of directors; members, election, qualification.
Section 486.105SectionBoard of directors; election, notice.
Section 486.106SectionBoard of directors; majority control.
Section 486.107SectionCapital stock; subscriptions; increase; procedure.
Section 486.108SectionCapital stock; subscriptions, calling in; sale, procedure, proceeds; purchaser's rights.
Section 486.109SectionCorporate powers, liabilities and restrictions.
Section 486.110SectionPower to construct railroads, telegraph and telephone lines; holding of realty.
Section 486.111SectionFurnishing and use of water; rent, collection.
Section 486.112SectionInjury to stream or property; misdemeanor, penalty.
Section 486.113SectionBoard of directors; annual report, contents.
Section 486.114SectionRealty; purchase, holding, disposal; limitations.
Section 486.115SectionStockholder's liability; recovery prerequisites.
Section 486.116SectionShares deemed personal property; transfer.
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