Michigan Laws 486.303 – Corporate power to hold property
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 486.303
- 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.
Every such corporation shall, by their name, have power to acquire and hold all such real and personal estate as shall be necessary for carrying on the business of said corporation.