Michigan Laws 457.76 – Subordinate branches; chartering, powers, revocation
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Terms Used In Michigan Laws 457.76
- 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.
Such corporation when duly formed shall have power to affiliate and charter subordinate branches of said order which subordinate branches shall have power to make and adopt their own constitution and by-laws not repugnant to the constitution and by-laws adopted by the union or hereafter amended and adopted by the union, and in case of noncompliance with the general laws, by-laws, ordinances and regulations of the union, to revoke and annul the charter granted to such subordinate branch.