Michigan § 486.114 - Realty; purchase, holding, disposal; limitations.
Full text of Michigan Michigan Compiled Laws § 486.114 — Realty; purchase, holding, disposal; limitations., with citation guidance and answers to common questions.
§ 486.114. Realty; purchase, holding, disposal; limitations.
Each and every company formed under this act shall have authority to purchase and hold land adjacent to or within convenient distance of any canal constructed under the provisions of this act, for the purpose of platting and selling to manufacturers, their operatives or to other persons, and shall have authority to lease, mortgage or otherwise dispose of real or personal property: Provided, That no land shall be held by said company for the purposes stated in this section for a longer period than 10 years from the time when the same shall have been acquired, nor exceeding in amount 2,000 acres.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 486.114
What does Michigan Compiled Laws § 486.114 cover?
Section 486.114 ("Realty; purchase, holding, disposal; limitations.") 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 § 486.114?
A common citation format is "Michigan Compiled Laws § 486.114" (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 § 486.114 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.