{"data":{"id":"us-mi/mich.-comp.-laws-450.523","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 450.523","heading":"Fraudulent transfer of shares to avoid taxation; penalty.","body":"Sec. 23.\n\nIf any shareholder shall fraudulently transfer any share in either of the corporations mentioned in the twenty-third section of this chapter, for the purpose of avoiding taxation, he shall forfeit a sum equal to 1/2 the par value of the shares so transferred.","path":["MI Code","Chapter 450","Act R-S-of-1846"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-450-523","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"01b8284bdf87a974f1aebc5bb5578fd839470079706d7b77d6fa8621931f4c12","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-450.522","next":"us-mi/mich.-comp.-laws-450.524"},"notice":"GroundRules: Original legal text. Not legal advice."}