Sec. 24.
The cashier of each bank and the secretary or clerk of each incorporated railroad, canal or turnpike company shall, on the first Monday of October in each year, or within 15 days previous thereto, make a return to the state treasurer, verified by his oath, stating the amount of capital stock of such bank or railroad, canal or turnpike company then actually paid in, and in default thereof, the whole capital stock mentioned in the act of incorporation of such bank or company shall, for the purpose of computing the state tax payable by such bank or company, be deemed to have been paid in.
History: R.S. 1846, Ch. 55 ;-- CL 1857, 2166 ;-- CL 1871, 3451 ;-- How. 4883 ;-- CL 1897, 8550 ;-- CL 1915, 11341 ;-- CL 1929, 10166 ;-- CL 1948, 450.524
Structure Michigan Compiled Laws
R.S. of 1846 - Revised Statutes of 1846 (450.504 - 450.525)
R-S-1846-450-504-55-CORPORATIONS - Corporations (450.504...450.525)
Section 450.507 - Holding of Land; Subscriptions; Donations; Stock Transfer; Articles, Amendment.
Section 450.519 - Contributions; Recovery in Chancery.
Section 450.520 - Acts of Incorporation; Amendment, Alteration or Repeal.
Section 450.521 - Assessing Officers; Returns, Contents.
Section 450.522 - Assessing Officers; Returns, Default; Penalty.
Section 450.523 - Fraudulent Transfer of Shares to Avoid Taxation; Penalty.
Section 450.524 - Returns to State Treasurer; Default, Computation, State Tax.
Section 450.525 - Attorney General and Legislature; Examination.