Michigan Laws > Chapter 123 > Act 130 of 1945 – Water Supply; Joint Source
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Terms Used In Michigan Laws > Chapter 123 > Act 130 of 1945 - Water Supply; Joint Source
- 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.
- Executor: A male person named in a will to carry out the decedent
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- Majority leader: see Floor Leaders
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Trustee: A person or institution holding and administering property in trust.