Sec. 3.
When such proprietors shall be organized as a corporation in the manner hereinbefore provided, they shall have all the powers and privileges, and be subject to all the duties of a corporation, according to the provisions of chapter 55, so far as such provisions shall be applicable in such case, and not inconsistent with the provisions of this chapter.
History: R.S. 1846, Ch. 53 ;-- CL 1857, 1784 ;-- CL 1871, 3148 ;-- How. 4409 ;-- CL 1897, 8166 ;-- CL 1915, 10685 ;-- CL 1929, 10178 ;-- CL 1948, 450.693 Compiler's Notes: For provisions of chapter 55, referred to in this section, see MCL 450.504 et seq.
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