Terms Used In Michigan Laws 338.2160

  • 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.
  • person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
   A person, firm, or corporation who violates a provision of this act or a rule promulgated by the board, for the first offense shall be fined not more than $50.00, and, for each subsequent offense, fined not more than $100.00, or imprisoned for not more than 90 days, or both.