§ 445.601 Abandonment of business by municipally aided company without restoration of benefits and interest unlawful
§ 445.602 Abandonment of business; application of act; benefit to company officer or agent or to predecessor company
§ 445.603 Violation of act; misdemeanor
§ 445.604 Violation of act; penalty
§ 445.605 Restoration of benefits; payment
§ 445.606 Forfeitures and injunctions; rights of municipality upon failure of company
contract signature

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Terms Used In Michigan Laws > Chapter 445 > Act 144 of 1895 - Abandonment of Business

  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
  • shall not apply: means that the pertinent provision is not operative as to certain persons or things or in conjunction with a particular date or dates. See Michigan Laws 8.4c
  • 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.