Michigan Laws 456.252 – Vault associations; articles of association, contents
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The articles of association shall contain:
First, The full names of the persons associating in the first instance, and the place of residence of each person,
Terms Used In Michigan Laws 456.252
- annual meeting: when applied to townships, mean the annual meeting required by law to be held on the Saturday immediately preceding the first Monday in April. See Michigan Laws 8.3d
- 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.
- person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
Second, The name of such corporation, and the place where its office for the transaction of business is located and the period for which it is incorporated, not exceeding 30 years,
Third, The object for which it is organized,
Fourth, The number and names of its trustees, if any, and regular officers, and the time and place of holding its annual meeting,
Fifth, The terms and conditions of membership therein,
Sixth, Amount of capital stock, number of shares, by whom taken, value of each share, and amount paid in on each share.