Michigan Laws 446.203 – Definitions
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 446.203
- 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.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Internet drop-off store: means a person, corporation, or firm that contracts with other persons, corporations, or firms to offer its personal property or other valuable thing for sale, purchase, consignment, or trade through means of an internet website and meets the conditions described in section 1(3). See Michigan Laws 446.203
- person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
- Personal property: All property that is not real property.
As used in this act:
(a) “Chief executive officer” means any of the following:
(i) For a city, the mayor.
(ii) For a village, the village president.
(iii) For a township or charter township, the township supervisor.
(iv) For a county, the county executive or, if there is no county executive, the person designated by a resolution of the county board of commissioners.
(b) “Governmental unit” means a city, township, charter township, county, or incorporated village.
(c) “Internet drop-off store” means a person, corporation, or firm that contracts with other persons, corporations, or firms to offer its personal property or other valuable thing for sale, purchase, consignment, or trade through means of an internet website and meets the conditions described in section 1(3).
(d) “Local police agency” means the police agency of the city, village, or township, or if none, the county sheriff of the county in which the internet drop-off store conducts business.
(e) “Pawnbroker” means a person, corporation, or member, or members of a copartnership or firm, who loans money on deposit, or pledge of personal property, or other valuable thing, other than securities or printed evidence of indebtedness, or who deals in the purchasing of personal property or other valuable thing on condition of selling the same back again at a stipulated price.