{"data":{"id":"us-mi/mich.-comp.-laws-486.214","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 486.214","heading":"Realty; purchase, holding, disposal; personal property, disposal.","body":"Sec. 14.\n\nEach and every corporation formed under this act shall have authority to purchase and hold land in amount not to exceed 3,000 acres adjacent to or within convenient distance of any canal, stream or dam, constructed under the provisions of this act, for the purpose of platting and selling the same to manufacturers, their operatives or to other persons, and shall have the authority to lease, mortgage, sell, or otherwise dispose of real or personal property.","path":["MI Code","Chapter 486","Act Act-283-of-1905"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-486-214","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"8f53fb1b41b7add4fb046fd2f93d52459ccdfed7e56df11518d1dc86cdb78dad","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-486.213","next":"us-mi/mich.-comp.-laws-486.215"},"notice":"GroundRules: Original legal text. Not legal advice."}