Terms Used In Michigan Laws 752.1083

• Board: means the organized retail crime advisory board created under section 6. See Michigan Laws 752.1083
• 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.
• Department: means the department of state police. See Michigan Laws 752.1083
• Organized retail crime: means the theft of retail merchandise from a retail merchant with the intent or purpose of reselling, distributing, or otherwise reentering the retail merchandise in commerce, including the transfer of the stolen retail merchandise to another retail merchant or to any other person personally, through the mail, or through any electronic medium, including the internet, in exchange for anything of value. See Michigan Laws 752.1083
• 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.
• Person: means an individual, sole proprietorship, partnership, cooperative, association, corporation, limited liability company, personal representative, receiver, trustee, assignee, or other entity. See Michigan Laws 752.1083
• Retail merchandise: means any new article, product, commodity, item, or component intended to be sold in retail commerce. See Michigan Laws 752.1083
• Retail merchant: means any person that is in the business of selling retail merchandise at retail. See Michigan Laws 752.1083
• state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
• Trustee: A person or institution holding and administering property in trust.