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Terms Used In Michigan Laws 458.261

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Statute: A law passed by a legislature.
   The following entitled acts are hereby repealed, viz.: “An act to provide for the organization of Protestant Episcopal churches,” approved February seventeenth, 1857; “An act to amend sections 4, 5, 6 and 7 of an act entitled ‘An act to provide for the organization of Protestant Episcopal churches,’ approved February seventeenth, 1857, being sections 3083, 3084, 3085 and 3086 of the compiled laws of 1871, and to add a new section thereto,to stand as section 8 of said act,” approved May twenty-seventh, 1879; “An act to enable certain Protestant Episcopal churches to reorganize under the statute, approved February seventeenth, 1857, entitled ‘An act to provide for the organization of Protestant Episcopal churches,'” approved March fourteenth, 1865; also all other acts amendatory of the above entitled acts, or inconsistent with this act; but the organization of all corporations under the provisions of either of said acts shall be deemed and taken to be organizations under this act, and all rights, obligations and liabilities contracted or incurred by any such corporations thereunder, or under the provisions of any law now in force, not inconsistent with the provisions of this act, shall continue of the same force and effect as though such acts of law had not been repealed; all such corporations, from and after the taking effect of this act, shall be subject to all the provisions hereof as fully as though such organization had been perfected hereunder.