Michigan § 455.14 - Capital stock; deemed personal property, transfer; lien on stock, enforcement; subscriptions; shares, issuance.
Full text of Michigan Michigan Compiled Laws § 455.14 — Capital stock; deemed personal property, transfer; lien on stock, enforcement; subscriptions; shares, issuance., with citation guidance and answers to common questions.
§ 455.14. Capital stock; deemed personal property, transfer; lien on stock, enforcement; subscriptions; shares, issuance.
The stock of every such corporation shall be deemed personal property, and may be transferred as shall be prescribed by this act and by the by-laws of the corporation, and such corporation shall at all times have a lien upon all the stock or property of its members invested therein, for all debts due from them to such corporation, which lien may be enforced by a sale of such stock under the provisions of section 15 of this act. The directors of any such company may from time to time receive subscriptions to stock in said company until the whole amount of the stock of the association shall be subscribed, but no certificate of shares in any such company shall be issued until the whole amount of the shares mentioned in such certificate shall have been paid in full to the company.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 455.14
What does Michigan Compiled Laws § 455.14 cover?
Section 455.14 ("Capital stock; deemed personal property, transfer; lien on stock, enforcement; subscriptions; shares, issuance.") 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 § 455.14?
A common citation format is "Michigan Compiled Laws § 455.14" (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 § 455.14 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.