Michigan Laws 457.370 – Gifts; entertainments
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Terms Used In Michigan Laws 457.370
- 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.
The said corporation shall have the further power to receive and own contributions and gifts and to use the same for its corporate purposes. It shall have the further power to hold and give entertainments for profit and to use the funds so realized for its corporate purposes.