{"data":{"id":"us-mi/mich.-comp.-laws-454.75","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 454.75","heading":"Labor associations; stock, liability of stockholders.","body":"Sec. 5.\n\nEvery such corporation shall have full power and authority to provide by its by-laws for the issuing of certificates or shares of stock and for the manner in which the same shall be held and represented. All stockholders of every corporation formed under this act, shall be limited in their liability to creditors of any such corporation, to an amount equal to the amount unpaid on their said stock.","path":["MI Code","Chapter 454","Act Act-13-of-1897"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-454-75","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"ddecafea07d2bcded25408d0b03c30925d3d7bb3ae1fb391837853432ad72466","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-454.74","next":"us-mi/mich.-comp.-laws-454.76"},"notice":"GroundRules: Original legal text. Not legal advice."}