Terms Used In Michigan Laws 550.1651

  • Board: means the board of a health endowment fund corporation incorporated under this part. See Michigan Laws 550.1651
  • 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.
  • Executive director: means the executive director of a fund appointed by the board. See Michigan Laws 550.1651
  • Fund: means a health endowment fund corporation organized as a nonprofit corporation under section 653. See Michigan Laws 550.1651
  As used in this part:
  (a) “Board” means the board of a health endowment fund corporation incorporated under this part.
  (b) “Executive director” means the executive director of a fund appointed by the board.
  (c) “Fund” means a health endowment fund corporation organized as a nonprofit corporation under section 653.