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Terms Used In Michigan Laws 565.232

  • 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.
  • seal: shall be construed to include any of the following:
    (a) The impression of the seal on the paper alone. See Michigan Laws 8.3n
    (1) A seal of a court, public officer, or corporation may be affixed in any of the following ways:
    (a) Impressed directly upon the instrument or writing to be sealed.
    (b) Impressed upon wafer, wax, or other adhesive substance affixed to the instrument or writing or upon paper or other similar substance affixed to the instrument or writing by an adhesive substance.
    (c) Affixed electronically upon the instrument or writing to be sealed, or affixed electronically upon an electronic document.
    (2) An instrument or writing duly executed in the corporate name of a corporation that has not adopted a corporate seal, if executed by the proper officers of the corporation under any seal, shall be considered to have been executed under the corporate seal.