Michigan Laws 450.2931 – Wilful false statement in report; additional penalty
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Terms Used In Michigan Laws 450.2931
- 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.
If a domestic or foreign corporation which is required to file a report as provided in section 911 wilfully makes a false statement in the report, it is subject to an additional penalty of $1,000.00.