Michigan Laws 457.263 – Body corporate; powers
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Michigan Laws 457.263
- 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.
- Deed: The legal instrument used to transfer title in real property from one person to another.
Such corporation, when duly formed under this act, shall become and be a body politic and corporate in deed and law with succession and shall be in law capable of suing and being sued, pleading and being impleaded, answering and being answered, defending and being defended in all courts and places whatsoever, as a corporation.