Michigan § 457.636 - Property; holding, disposition; control of business.
Full text of Michigan Michigan Compiled Laws § 457.636 — Property; holding, disposition; control of business., with citation guidance and answers to common questions.
§ 457.636. Property; holding, disposition; control of business.
Every corporation formed pursuant to this act may take and hold personal and real property, so far as the same shall be necessary for the proper purposes of the organization, not exceeding 10,000 dollars in value, and may convey, dispose of, mortgage, and deal with the same, as may be determined by the constitution, laws and by-laws of such supreme commandery, or of such subordinate commandery, as the case may be. The management, direction and control of the property and business of such corporations shall be vested in such officers as the constitution and laws of the supreme commandery may direct.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 457.636
What does Michigan Compiled Laws § 457.636 cover?
Section 457.636 ("Property; holding, disposition; control of business.") 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 § 457.636?
A common citation format is "Michigan Compiled Laws § 457.636" (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 § 457.636 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.