Michigan Laws 457.559 – Erection of building; capital stock, creation, shares
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Terms Used In Michigan Laws 457.559
- 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.
Any corporation formed under this act may erect and own such suitable edifice, building and hall as to such corporation shall seem proper with convenient rooms for the meeting of the courts of the “Foresters of America” and for that purpose may create a capital stock of not more than 25,000 dollars to be divided into shares of not more than 25 dollars each.