Sec. 2.
If the property so distrained cannot be sold for want of bidders, or if the property of the corporation is insufficient to pay the tax, the sheriff shall immediately return a statement of the same to the state treasurer, and if such corporation neglects or refuses to pay the tax within 30 days after such return by the sheriff, it shall be deemed a forfeiture of all its corporate or chartered rights and privileges.
History: 1889, Act 226, Imd. Eff. July 1, 1889 ;-- How. 1256b ;-- CL 1897, 4029 ;-- CL 1915, 4261 ;-- CL 1929, 3665 ;-- CL 1948, 207.442 ;-- Am. 2002, Act 348, Imd. Eff. May 23, 2002
Last modified: October 10, 2016