Michigan § 485.18 - Existing corporation; organization under act, preference in subscription.
Full text of Michigan Michigan Compiled Laws § 485.18 — Existing corporation; organization under act, preference in subscription., with citation guidance and answers to common questions.
§ 485.18. Existing corporation; organization under act, preference in subscription.
Any person or private association or corporation in the upper peninsula and Branch and Macomb counties, who have previous to the passage of this re-enacted and amended act, constructed any canal or harbor, or have improved the navigation of any river or stream in the state of Michigan within the meaning of section 1 of this act, when the amount of money actually expended by them in the construction of any such canal or improvement exceeds the sum of 10,000 dollars, may organize under this act, and like notice shall be given by section 1 of this act: Provided, That such persons, associations, or corporations shall have the preference in the subscriptions to the stock of such company to the amount so expended by them.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 485.18
What does Michigan Compiled Laws § 485.18 cover?
Section 485.18 ("Existing corporation; organization under act, preference in subscription.") 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 § 485.18?
A common citation format is "Michigan Compiled Laws § 485.18" (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 § 485.18 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.