Michigan Compiled Laws
Act 232 of 1863 - Water Power Companies (486.1 - 486.22)
Section 486.13 - Mortgage Lien; Commencement of Suit After 60 Days.

Sec. 13.
Suits may be commenced for the foreclosure of such mortgage-lien at the expiration of 60 days from the time the certificate shall be recorded as mentioned in section 11 of this act.
History: 1863, Act 232, Eff. June 22, 1863 ;-- Am. 1871, Act 90, Imd. Eff. Apr. 12, 1871 ;-- CL 1871, 2757 ;-- How. 3886 ;-- CL 1897, 6779 ;-- CL 1915, 8879 ;-- CL 1929, 11814 ;-- CL 1948, 486.13

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 486 - Water and Power Companies

Act 232 of 1863 - Water Power Companies (486.1 - 486.22)

Section 486.1 - Water Power Companies; Incorporators; Notice of Formation; Articles of Association, Contents.

Section 486.2 - Articles of Association; Signing, Filing, Evidence; Body Corporate, Powers.

Section 486.3 - Board of Directors; Annual Election, Notice; Officers, Treasurer's Bond; Vacancy.

Section 486.4 - Membership in Association; Procedure, Rights.

Section 486.5 - Repairs; Permanent Improvements, Approval of Members; Expense.

Section 486.6 - Repairs; Statement, Filing, Contents.

Section 486.7 - Assessment for Repairs or Improvements.

Section 486.8 - Assessment; Collection; Non-Payment, Use of Water Prohibited.

Section 486.9 - Assessment; Notice to Non-Resident.

Section 486.10 - Assessment; Mortgage Lien; Preference.

Section 486.11 - Mortgage Lien; Certificate, Contents, Recording.

Section 486.12 - Mortgage Lien; Foreclosure.

Section 486.13 - Mortgage Lien; Commencement of Suit After 60 Days.

Section 486.14 - Meetings of Members of Associations; Notice, Proof of Service, Filing.

Section 486.15 - Watchman; Appointment, Duties, Compensation.

Section 486.16 - Contracts Made by Board of Directors.

Section 486.17 - Treasurer; Duties.

Section 486.18 - Assessment; Recovery, Interest.

Section 486.19 - Disposition of Funds at Annual Meeting.

Section 486.20 - By-Laws of Association; Regulations, Promulgation, Publishing, Enforcement; Meetings.

Section 486.21 - Stockholder's Liability.

Section 486.22 - Tenants in Common; Consent for Improvements and Repairs, Liability.