Michigan Laws 457.366 – Shares of stock; by-laws
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Terms Used In Michigan Laws 457.366
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Every such corporation shall have full power and authority to provide by its by-laws for the issuing of its certificates and shares of stock and for the manner in which said shares of stock shall be held and represented.