Michigan Laws 450.694 – Libraries; collector and treasurer, bond
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Terms Used In Michigan Laws 450.694
- 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.
The treasurer and collector shall give bond to such corporation, with sufficient sureties, to the satisfaction of the president, for the faithful discharge of their duties.