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Terms Used In Michigan Laws 454.105

  • 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.
  • 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
     The affairs of such corporation shall be controlled by a convention of delegates, which shall meet at least once in every 2 years in some suitable place in this state. Such delegates shall be appointed or elected by the respective societies forming such corporation, and the number of delegates which each society is entitled to send to such convention shall be determined by the constitution and by-laws of such association. The place of holding the first convention shall be designated by the delegates signing the articles of association under this act, and each convention held thereafter, before final adjournment, shall name the place of holding the next convention. The time of holding the same shall be specified by the constitution and by-laws of such association.