Michigan Laws 454.2 – Incorporation of mechanics’ association; execution and acknowledgment of articles of agreement; filing copy of articles with department of commerce; signers of articles and associates as body pol
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Terms Used In Michigan Laws 454.2
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- 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.
- 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
That any 6 or more persons residents of this state desirous to become incorporated for the above named objects may execute under their hands and acknowledge before some officer of this state having authority to take the acknowledgment of deeds articles of agreement as hereinafter specified a copy whereof verified by the affidavit of 2 or more of the trustees shall be filed with the corporation and securities bureau of the department of commerce; and upon the execution of such articles of agreement, the acknowledgment thereof and the filing of such copies as aforesaid the parties signing the same and those who may thereafter become associated with them shall become a body politic and corporate for the purpose aforesaid.