Terms Used In Michigan Laws 457.536

  • 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.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • seal: shall be construed to include any of the following:
  (a) The impression of the seal on the paper alone. See Michigan Laws 8.3n
  • 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
  •    Any 9 or more persons, residents of this state, being members of any subordinate court, having been duly chartered by the high court of this state, desirous to become incorporated, may make and execute articles of association under their hands and seal, specifying as provided in article 2 of this act, and file a copy of such articles with the corporation and securities bureau of the department of commerce, and thereupon the persons who shall have signed such articles of association, their associates and successors, shall be a body politic and corporate by the name expressed in such articles of incorporation, and by that name they and their successors shall have succession, and shall be persons in the law capable to purchase, hold, and enjoy, grant, sell, give, lease, and demise real and personal estate, of suing and being sued, and may have a common seal and change and alter the same at pleasure, and a certified copy of the record of such articles of association, under the seal of the corporation and securities bureau of the department of commerce, shall be received as prima facie evidence in all courts in this state of the existence and due incorporation of such incorporation: Provided, That the value of such real and personal estate shall not exceed the sum of $2,000.00, and that they and their successors shall have authority and power to give, grant, sell, lease, demise, and dispose of said real and personal estate, or part thereof at their will and pleasure, and the proceeds, rents, and incomes shall be devoted exclusively to the charitable and benevolent purposes of the Independent Order of Foresters.