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Terms Used In Michigan Laws 485.210

  • 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.
     Whenever any such corporation shall desire to take or flow any lands or property in the construction of the works or improvements authorized by this act, when no agreement can be made with the owners thereof, the like proceedings shall be had and taken as is provided in an act entitled, “An act to provide for the formation of companies to construct plank roads, approved April 8, 1851, and the acts amendatory thereto.”