Michigan Laws 450.2109 – Definitions; S
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Terms Used In Michigan Laws 450.2109
- 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.
(1) “Shareholder” means a person that holds shares of a domestic corporation, foreign corporation, domestic business corporation, or foreign business corporation.
(2) “Shares” means the units into which interests of shareholders in a domestic corporation, foreign corporation, domestic business corporation, or foreign business corporation are divided.
(3) “Services in a learned profession” means services provided by a dentist, an osteopathic physician, a physician, a surgeon, a doctor of divinity or other clergy, or an attorney at law.