Michigan § 454.10 - Mechanics' association; consolidation agreement, contents, execution, filing, record; debts; creditors.
Full text of Michigan Michigan Compiled Laws § 454.10 — Mechanics' association; consolidation agreement, contents, execution, filing, record; debts; creditors., with citation guidance and answers to common questions.
§ 454.10. Mechanics' association; consolidation agreement, contents, execution, filing, record; debts; creditors.
Such agreement shall contain:
First, The terms and conditions of such consolidation and the disposition of the corporate property of each.
Second, The name of the association thereby formed, the place where its office for the transaction of business is established, and the period for which it is incorporated, not exceeding 30 years.
Third, The purposes set forth in the first section of this act.
Fourth, The number of trustees and regular officers, and the time of holding its annual meetings,
Fifth, The terms and conditions of membership therein. Which agreement shall be executed and acknowledged, and copies thereof signed, verified, filed and recorded as provided in the first section of this act: Provided, however, That for the purposes of paying and enforcing the payment of its debts and liabilities and the protection of all the rights of creditors and claimants, the members and the property of each such association shall be subject to the same remedies as if such consolidation had not taken place.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 454.10
What does Michigan Compiled Laws § 454.10 cover?
Section 454.10 ("Mechanics' association; consolidation agreement, contents, execution, filing, record; debts; creditors.") 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 § 454.10?
A common citation format is "Michigan Compiled Laws § 454.10" (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 § 454.10 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.