Sec. 7. All corporations formed under this act shall be subject to the provisions of chapter 150 of the Compiled Laws of this state, so far as the same shall be applicable to corporations formed under this act; and the legislature may alter or amend this act at any time. History: 1897, Act 1, Imd. Eff. Jan. 21, 1897 ;-- CL 1897, 8076 ;-- CL 1915, 10550 ;-- CL 1929, 10755 ;-- CL 1948, 457.557 Compiler's Notes: The reference in this section to chapter 150 evidently was intended to be to chapter 130 of the Compiled Laws of 1871. See MCL 450.504 to 450.525.
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