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Terms Used In Michigan Laws 453.7

  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • seal: shall be construed to include any of the following:
    (a) The impression of the seal on the paper alone. See Michigan Laws 8.3n
  • state: 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
  •      Any 13 or more persons, of lawful age, residents of this state, and being members of any county, district, or subordinate grange of the patrons of husbandry, duly chartered by the national or state grange, by charter approved by the state grange, desirous to become incorporated, may make and execute articles of association, specifying therein, as provided in section 2 of this act, and acknowledge the same as specified in said section 2, and file a copy of such articles, together with a copy of the charter granted as aforesaid by said national or state grange, with the corporation and securities bureau of the department of commerce, and thereupon, the persons who shall have signed such articles of association together with their associates and successors who shall sign such articles, shall be a body politic and corporate, by the name expressed in such articles of association, and by that name they and their successors shall have succession, and by that name may sue and be sued, contract and be contracted with, and may have a common seal which they may alter at pleasure, and may purchase, take, receive, own, and hold, real and personal estate, and the same or any part thereof grant, sell, mortgage, lease, and convey, at pleasure. But every such corporation shall be limited as to the amount of estate which it may hold, and the disposition to be made thereof, and of the income and proceeds therefrom, by the provisions of section 4 of this act, and a copy of the record of the articles of association, and of the charter thereto attached, certified by the corporation and securities bureau of the department of commerce, shall be received in all courts and places in this state as prima facie evidence of the existence and due incorporation of every grange incorporated under this section.