Sec. 765. The courts of record of this state shall have jurisdiction (1) over the shares in a corporation incorporated in the state (subject to the limitations in the uniform stock transfer act), (2) over share certificates which are located within the territory of the state, (3) over shares in a corporation represented by share certificates located within the state if the law of the state of incorporation embodies the share in the share certificates, whether or not the persons owning or claiming an interest in the shares or share certificates are subject to the jurisdiction of the courts of the state. History: 1961, Act 236, Eff. Jan. 1, 1963
‹ Prev All Michigan sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.