Michigan Laws > Chapter 451 > Act 275 of 1937 – Real Estate Bonds and Securities


§ 451.251	Real estate bonds and securities; records; duties of fiduciaries; report to public trust commission, contents; authority of commission
§ 451.252	Real estate bonds and securities; failure to file reports or give information; authority of attorney general, procedure, requirement; taxable costs

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Conviction: A judgement of guilt against a criminal defendant.
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.
in writing: shall be construed to include printing, engraving, and lithographing; except that if the written signature of a person is required by law, the signature shall be the proper handwriting of the person or, if the person is unable to write, the person's proper mark, which may be, unless otherwise expressly prohibited by law, a clear and classifiable fingerprint of the person made with ink or another substance. See Michigan Laws 8.3q
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
Trustee: A person or institution holding and administering property in trust.