Michigan § 454.75 - Labor associations; stock, liability of stockholders.

Full text of Michigan Michigan Compiled Laws § 454.75 — Labor associations; stock, liability of stockholders., with citation guidance and answers to common questions.

§ 454.75. Labor associations; stock, liability of stockholders.

Sec. 5.

Every such corporation shall have full power and authority to provide by its by-laws for the issuing of certificates or shares of stock and for the manner in which the same shall be held and represented. All stockholders of every corporation formed under this act, shall be limited in their liability to creditors of any such corporation, to an amount equal to the amount unpaid on their said stock.

Source: official Michigan text · Last verified 2026-08-27

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Frequently Asked Questions About Michigan § 454.75

What does Michigan Compiled Laws § 454.75 cover?

Section 454.75 ("Labor associations; stock, liability of stockholders.") 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 § 454.75?

A common citation format is "Michigan Compiled Laws § 454.75" (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 § 454.75 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.