Terms Used In Michigan Laws 457.608

  • 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
   Any corporation formed under this act may erect and use a suitable edifice of its own design, for its own use, and may maintain a library. Such corporation shall be subject to the provisions of chapter 130 of Howell’s annotated statutes of this state, so far as the same may be applicable.