Sec. 8.
Any such association whenever required by the attorney general or the legislature shall report to him or them under the oath of at least 2 of its trustees a full and true statement of its condition and affairs; and for any willful neglect to make such report within a reasonable time after the same is so required the association shall be liable to pay to the people of this state a fine of 50 dollars; or if the attorney general shall so elect or be instructed by the governor, he may proceed against such association by information, to forfeit its charter for such neglect.
History: 1857, Act 188, Imd. Eff. Feb. 17, 1857 ;-- CL 1857, 1795 ;-- CL 1871, 2802 ;-- How. 3931 ;-- CL 1897, 7430 ;-- CL 1915, 9802 ;-- CL 1929, 10269 ;-- CL 1948, 454.8
Last modified: October 10, 2016