Michigan Laws 500.3718 – Applicability of MCL 550.1619
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Terms Used In Michigan Laws 500.3718
- 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.
A nonprofit health care corporation is subject to section 619 of the nonprofit health care corporation reform act, 1980 PA 350, MCL 550.1619.