Michigan Laws 117.4n – Medical facility for public purpose; establishment, operation, or maintenance by private nonprofit corporation
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 117.4n
- 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.
Each city may in its charter provide for the city or 1 or more of its public corporations to become a member or joint owner in an enterprise with a private nonprofit corporation to create a separate private nonprofit corporation that will establish, operate, or maintain a medical facility for a public purpose.