Michigan Laws 257.1702 – Definitions
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As used in this act:
(a) “Highway or street” means a highway or street as defined in section 20 of Act No. 300 of the Public Acts of 1949, being section 257.20 of the Michigan Compiled Laws.
Terms Used In Michigan Laws 257.1702
- 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.
- Highway or street: means a highway or street as defined in section 20 of Act No. See Michigan Laws 257.1702
- Motor vehicle: means a motor vehicle as defined in section 33 of Act No. See Michigan Laws 257.1702
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(b) “Motor vehicle” means a motor vehicle as defined in section 33 of Act No. 300 of the Public Acts of 1949, being section 257.33 of the Michigan Compiled Laws.
(c) “Person” means an individual, sole proprietorship, partnership, corporation, or other legal entity.
(d) “Racing event” means a motor vehicle race which is sanctioned by a nationally or internationally recognized racing organization, and includes preparations, practices, and qualifications for the race.