Michigan Laws 458.152 – Membership
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 458.152
- 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.
- person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
All persons now members of said association, and every person who shall hereafter pay 1 dollar or more to the treasurer of the corporation and request to become a member thereof, shall be and continue members of the corporation so long as they shall continue to pay annually 1 dollar or more to the treasurer of the corporation, and no longer, and all persons who are life members of said association, and every person who shall hereafter pay at any 1 time, to the treasurer of the corporation, 10 dollars or more, and request to become a life member of the corporation, shall be life members of said corporation.