Michigan Laws 445.32 – Definitions
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Terms Used In Michigan Laws 445.32
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: means an individual, partnership, corporation, limited liability company, association, or other legal entity. See Michigan Laws 445.32
As used in this act:
(a) “Mail” means a letter, postal card, package, bag, or any other article or thing contained therein, or other sealed article addressed to a person.
(b) “Person” means an individual, partnership, corporation, limited liability company, association, or other legal entity.