Sec. 471. The shares of a corporation are personal property. Article 8 of the uniform commercial code, 1962 PA 174, MCL 440.8101 to 440.8601, applies to the transfer of shares only to the extent not inconsistent with this act.
Shares as personal property; transfer; applicability of MCL 440.8101 to 440.8601.
Mich. Comp. Laws § 450.2471, under NONPROFIT CORPORATION ACT.
Mich. Comp. Laws § 450.2471