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Terms Used In Michigan Laws 458.455

  • 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.
   Said churches, when so incorporated, shall be in all matters of church government and ecclesiastical polity subject to the discipline, rules and usages of the Evangelical association as from time to time authorized and declared by the general conference of said church and the annual conference in whose bounds such corporation is situated.