Michigan Laws 16.190 – Michigan corporation and securities commission; transfer of powers, duties, and functions
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Terms Used In Michigan Laws 16.190
- 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.
Except as otherwise provided in sections 235, 236, 237, 328 and 330 of this act, all powers, duties and functions formerly vested in the Michigan corporation and securities commission are transferred to the department of treasury.