Michigan Laws 565.241 – Seals on instruments affecting real estate
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Terms Used In Michigan Laws 565.241
- 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.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- seal: shall be construed to include any of the following:
(a) The impression of the seal on the paper alone. See Michigan Laws 8.3nTranscript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.
Hereafter the affixing of an actual seal, a scroll or device used as a seal, the word “seal” or letters “L.S.” after the signature of any individual, partnership or corporation executing any deed, mortgage, or other instrument affecting the title to real estate, or any interest therein, shall be unnecessary, and such instruments hereafter executed without affixing an actual seal, a scroll or device used as a seal, the word “seal” or letters “L.S.” after such signatures, shall be construed to be sealed instruments and valid and effectual to convey the legal estate of the premises therein described, and the record of such instrument, if otherwise eligible to record, or a transcript thereof, may be given in evidence as in other cases.