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Terms Used In Michigan Laws 458.253

  • 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.
     Such articles of agreement, when duly signed and acknowledged, shall be filed with the corporation and securities bureau of the department of commerce; and it shall not be lawful for such church to acquire the title to any property until such articles are so filed.