Michigan § 484.154 - Power to hold realty; officers and agents; rules and by-laws.
Full text of Michigan Michigan Compiled Laws § 484.154 — Power to hold realty; officers and agents; rules and by-laws., with citation guidance and answers to common questions.
§ 484.154. Power to hold realty; officers and agents; rules and by-laws.
Such association shall have power to purchase, receive and hold and convey such real estate, and such only, as may be necessary for the convenient transaction of the business, and for effectually carrying on the operations of such association, and may appoint such directors, officers and agents, and make such prudential rules, regulations and by-laws as may be necessary in the transaction of their business, not inconsistent with the laws of this state or of the United States. But this section shall not be so construed as to authorize any such association to hold any real estate except such as shall be actually occupied by such association in the exercise of its franchises.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 484.154
What does Michigan Compiled Laws § 484.154 cover?
Section 484.154 ("Power to hold realty; officers and agents; rules and by-laws.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 484.154?
A common citation format is "Michigan Compiled Laws § 484.154" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 484.154 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.