Michigan Laws 457.242 – Board of directors
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Terms Used In Michigan Laws 457.242
- 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 officers of the corporation shall be the grand high priest, grand king, grand scribe, grand treasurer and grand secretary, for the time being, and they shall constitute the board of directors of the corporation for the transaction of all business authorized by this act.