Michigan Laws 457.235 – Powers of corporation as trustee for subordinate lodges
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Terms Used In Michigan Laws 457.235
- 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.
Said corporation may hold real and personal estate of subordinate lodges in trust for the use of such subordinate lodges, and do all acts and things in law relating thereto as trustees, and may convey the same as above, under the direction of such subordinate lodge and the rules, regulations, and by-laws of the grand lodge in relation thereto.