Michigan Laws 458.204 – Property rights of corporation; government
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Michigan Laws 458.204
- 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.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
The corporation shall succeed to all the property rights of the church out of which it is incorporated and, subject to the civil law, shall be governed by the form of government, discipline, rules, and usages of the Presbyterian Church (USA), as promulgated by the general assembly of said church and the presbytery within whose jurisdiction the corporation may be located.