Michigan Laws 457.84 – Constitution and by-laws; contents
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Terms Used In Michigan Laws 457.84
- 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.
Said corporation shall have power to make and adopt a proper constitution and by-laws, prescribing the names and duties of its officers and all necessary and lawful rules and regulations for the government of its business.