Michigan Laws 125.1497e – Articles of incorporation; approval of terms
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Michigan Laws 125.1497e
- Authority: means the Michigan state housing development authority created in this act. See Michigan Laws 125.1411
- 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.
- Mobile home: means a structure, transportable in 1 or more sections, that is built on a chassis and is designed to be used as a dwelling with or without permanent foundation, when connected to the required utilities, and includes the plumbing, heating, air conditioning, and electrical systems contained in the structure. See Michigan Laws 125.1411
Before any mobile home park corporation can receive any benefits under this act, the authority must approve the terms of the articles of incorporation.