Michigan Laws 399.702 – Definitions
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 399.702
- 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.
- Council: means the Michigan council for arts and cultural affairs established by Executive Order No. See Michigan Laws 399.702
- Department: means the department of history, arts, and libraries created in section 3. See Michigan Laws 399.702
- Director: means the director of the department. See Michigan Laws 399.702
- Fund: means the Michigan council for the arts fund created in section 9. See Michigan Laws 399.702
- 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.
As used in this act:
(a) “Council” means the Michigan council for arts and cultural affairs established by Executive Order No. 1991-21.
(b) “Department” means the department of history, arts, and libraries created in section 3.
(c) “Director” means the director of the department.
(d) “Fund” means the Michigan council for the arts fund created in section 9.
(e) “Person” means an individual, partnership, corporation, association, governmental entity, or other legal entity.
(f) “Type II transfer” means that term as it is defined in section 3 of the executive organization act of 1965, 1965 PA 380, MCL 16.103.