Michigan Laws > Chapter 456 > Act 13 of 1882 – Vault Associations


§ 456.251	Articles of agreement; execution, acknowledgment, and filing; signers of articles and associates as body politic and corporate
§ 456.252	Vault associations; articles of association, contents
§ 456.253	Vault associations; corporate powers

annual meeting: when applied to townships, mean the annual meeting required by law to be held on the Saturday immediately preceding the first Monday in April. See Michigan Laws 8.3d
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.
felony: when used in this act, shall be construed to mean an offense for which the offender, on conviction may be punished by death, or by imprisonment in state prison. See Michigan Laws 750.7
Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o