Michigan Laws 600.4525 – Judgment against corporation; collection of fine and costs
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Terms Used In Michigan Laws 600.4525
- 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.
- judgment: as used in this act , includes decree. See Michigan Laws 600.112
If such judgment is rendered or if fine is imposed against any corporation, or against any persons claiming to be a corporation, the court may cause the fine and the costs of the action to be collected by execution against the persons claiming to be a corporation, or against the directors or other officers of any such corporation.