{"data":{"id":"us-mi/mich.-comp.-laws-462.221","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 462.221","heading":"Stock as personal estate; transfer.","body":"Sec. 221.\n\nThe stock of a railroad company is considered personal estate and is transferable in the manner and under such restrictions and conditions as may be provided for in the by-laws, but any certificate of stock issued before payment in full, shall show on its face, or by indorsement, the amount paid thereon. A share of stock shall not be transferred on the books of the company until paid in full, without the consent of the board of directors.","path":["MI Code","Chapter 462","Act Act-354-of-1993"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-462-221","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"082f605634965213c16b8b8892b57cb45532058f0ab1e197b403da63e989e93f","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-462.219","next":"us-mi/mich.-comp.-laws-462.223"},"notice":"GroundRules: Original legal text. Not legal advice."}