Michigan § 486.214 - Realty; purchase, holding, disposal; personal property, disposal.
Full text of Michigan Michigan Compiled Laws § 486.214 — Realty; purchase, holding, disposal; personal property, disposal., with citation guidance and answers to common questions.
§ 486.214. Realty; purchase, holding, disposal; personal property, disposal.
Each and every corporation formed under this act shall have authority to purchase and hold land in amount not to exceed 3,000 acres adjacent to or within convenient distance of any canal, stream or dam, constructed under the provisions of this act, for the purpose of platting and selling the same to manufacturers, their operatives or to other persons, and shall have the authority to lease, mortgage, sell, or otherwise dispose of real or personal property.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 486.214
What does Michigan Compiled Laws § 486.214 cover?
Section 486.214 ("Realty; purchase, holding, disposal; personal property, disposal.") 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 § 486.214?
A common citation format is "Michigan Compiled Laws § 486.214" (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 § 486.214 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.