§ 486.201 Water power and supply corporations in upper peninsula; incorporators; powers
§ 486.202 Certificate; contents; recording and filing
§ 486.203 Body corporate; governing laws
§ 486.204 Board of directors; members, election, qualifications
§ 486.205 Board of directors; election, notice
§ 486.206 Board of directors; majority control
§ 486.207 Capital stock; subscriptions; increase, procedure
§ 486.208 Capital stock; subscriptions, calling in; sale, procedure, proceeds; purchaser’s rights
§ 486.209 Corporate powers; liabilities and restrictions
§ 486.210 Power to construct railroad, telegraph and telephone lines; holding of realty
§ 486.211 Furnishing and use of water or power; compensation; right to sue and be sued
§ 486.212 Injury to stream or property; misdemeanor, penalty
§ 486.213 Board of directors; annual report, contents
§ 486.214 Realty; purchase, holding, disposal; personal property, disposal
§ 486.215 Stockholder’s liability; recovery prerequisites
§ 486.216 Shares deemed personal property; transfer

Terms Used In Michigan Laws > Chapter 486 > Act 283 of 1905 - Water Power Companies

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
  • Personal property: All property that is not real property.
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o