Michigan Laws 453.232 – Local agricultural societies; body corporate, powers; real estate, purchase and holding, limitation
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Terms Used In Michigan Laws 453.232
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- seal: shall be construed to include any of the following:
(a) The impression of the seal on the paper alone. See Michigan Laws 8.3nstate: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o United States: shall be construed to include the district and territories. See Michigan Laws 8.3o
Upon filing such articles of association, the persons who have signed the same, and their associates and successors shall become a body corporate by the name stated in such articles. No 2 societies shall assume the same name. By that corporate name the signers of the articles and their successors may have succession and shall be persons in law capable of suing and being sued, and they and their successors may have and use a common seal, which they may alter and change at pleasure, and they and their successors, by their corporate name, shall be capable of purchasing and holding, taking and receiving, by gift, devise or otherwise, exempt from taxation, real estate for the purpose of their incorporation; and they may make all necessary bylaws for the management of such societies not inconsistent with the laws of this state or of the United States. A current copy of the bylaws shall be filed with the director of agriculture.