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Terms Used In Michigan Laws 429.206

  • 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
     Any person, firm or corporation violating any of the provisions of this act shall be punished by a fine of not more than 50 dollars, or by imprisonment in the county jail not more than 90 days, or by both such fine and imprisonment, in the discretion of the court.