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Terms Used In Michigan Laws 600.2582

  • 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.
  • Plaintiff: The person who files the complaint in a civil lawsuit.
     If service on a corporation is made by service on the corporation and securities commission, there shall be paid to the corporation and securities commission at the time of such service a fee of $3.00, which sum may be taxed as costs to the plaintiff, in case he prevails in the proceedings.