Michigan Laws 457.73 – Articles; constitution; filing; body corporate, powers
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Michigan Laws 457.73
- 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
- person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
- 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
A copy of said articles of association together with a copy of the constitution of said union shall be filed with the secretary of state, and thereupon the persons who shall have signed said articles of association, their associates and successors, shall be a body corporate and politic and known in the law and in fact by the name heretofore designated and by that name they and their successors shall have succession and shall be a person in the law capable to purchase, take, receive, own and enjoy through them and their successors estates real and personal, of suing and being sued, and to have a common seal which may be altered or changed at their pleasure, and they and their successors shall have power to give, grant, sell, lease, demise and dispose of such 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 union.