Michigan § 462.221 - Stock as personal estate; transfer.

Full text of Michigan Michigan Compiled Laws § 462.221 — Stock as personal estate; transfer., with citation guidance and answers to common questions.

§ 462.221. Stock as personal estate; transfer.

Sec. 221.

The stock of a railroad company is considered personal estate and is transferable in the manner and under such restrictions and conditions as may be provided for in the by-laws, but any certificate of stock issued before payment in full, shall show on its face, or by indorsement, the amount paid thereon. A share of stock shall not be transferred on the books of the company until paid in full, without the consent of the board of directors.

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

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Frequently Asked Questions About Michigan § 462.221

What does Michigan Compiled Laws § 462.221 cover?

Section 462.221 ("Stock as personal estate; transfer.") 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 § 462.221?

A common citation format is "Michigan Compiled Laws § 462.221" (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 § 462.221 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.