Michigan Compiled Laws
Act 232 of 1863 - Water Power Companies (486.1 - 486.22)
Section 486.18 - Assessment; Recovery, Interest.

Sec. 18.
All sums due from any person upon any assessment authorized by this act may be recovered with interest in an action of assumpsit brought in the name of the corporation, in any court of competent jurisdiction, or as provided in section 12 of this act.
History: 1863, Act 232, Eff. June 22, 1863 ;-- Am. 1871, Act 90, Imd. Eff. Apr. 12, 1871 ;-- CL 1871, 2762 ;-- How. 3891 ;-- CL 1897, 6784 ;-- CL 1915, 8884 ;-- CL 1929, 11819 ;-- CL 1948, 486.18

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.