Michigan Laws 450.2109 – Definitions; S
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Terms Used In Michigan Laws 450.2109
- 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.
- person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
(1) “Shareholder” means a person that holds shares of a domestic corporation, foreign corporation, domestic business corporation, or foreign business corporation.
(2) “Shares” means the units into which interests of shareholders in a domestic corporation, foreign corporation, domestic business corporation, or foreign business corporation are divided.
(3) “Services in a learned profession” means services provided by a dentist, an osteopathic physician, a physician, a surgeon, a doctor of divinity or other clergy, or an attorney at law.