Terms Used In Michigan Laws 457.535

  • 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.
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
   Such corporation, when duly formed, shall have power to institute and charter subordinate courts of said order within this state, and from time to time to make, ordain, constitute and establish such general laws and by-laws, ordinances and regulations for the government of such subordinate courts not repugnant to the law or to the constitution or regulations of the high court and the supreme court of the Independent Order of Foresters as to them shall seem proper and necessary; and in case of violation or non-compliance with such ordinances, by-laws and regulations, to revoke and annul the charter granted to such subordinate courts: Provided, That the existing subordinate courts heretofore duly chartered by the high court of Michigan or the supreme court, shall be subject to the control of the said high court under this act as heretofore, and in the same manner and to the same extent as those that may be hereafter instituted and chartered under this act.