Michigan Laws 487.2101 – Definitions
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As used in this act:
(a) “College or university” means a state-supported college or university.
Terms Used In Michigan Laws 487.2101
- College or university: means a state-supported college or university. See Michigan Laws 487.2101
- 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.
- Department: means the department of treasury. See Michigan Laws 487.2101
- 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.
- 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
(b) “Department” means the department of treasury.
(c) “Financial institution” means a state or nationally chartered bank, a state or federally chartered savings and loan association or savings bank, or a state or federally chartered credit union.
(d) “Person” means an individual, partnership, association, corporation, governmental entity, or any other legal entity.
(e) “State employee” means a classified or unclassified member of the state civil service or an unclassified employee of the executive, legislative, or judicial branch of state government.