§ 213.251 Overhead and underground rights; acquisition; purposes
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Terms Used In Michigan Laws > Chapter 213 > Act 140 of 1945 - Acquisition of Overhead and Underground Rights

  • 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.
  • Devise: To gift property by will.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.