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Terms Used In Michigan Laws 450.1211

  • 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 provided in chapter 2A for a professional corporation, the corporate name of a domestic corporation shall contain the word “corporation”, “company”, “incorporated”, or “limited” or shall contain 1 of the following abbreviations: corp., co., inc., or ltd., with or without periods.