Michigan Laws 457.556 – Subordinate court; incorporation; making, executing, and filing articles of association with department of commerce; signers of articles, associates, and successors as body politic and corporate; powe
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Terms Used In Michigan Laws 457.556
- 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 8.3nstate: 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 7 or more persons, residents of this state, being members of a subordinate court of the “Foresters of America” having been duly chartered by the grand court, desirous to become incorporated, may make and execute articles of association, specifying as provided in section 2 of this act, and file a copy of the same with the corporation and securities bureau of the department of commerce, and thereupon the persons who shall have signed said articles of association, their associates and successors shall be a body politic and corporate, by the name expressed in such articles of association and by that name they and their successors, shall be persons in law capable to purchase, hold, 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 of this state of the existence and due incorporation of such subordinate courts. Provided: Said corporation shall be limited to the powers and provisions of section 4 of this act, regarding real and personal estate, and the proceeds thereof under the laws of the grand court and may elect from its members such officers, under such name and style as shall be in accordance with its constitution.