Michigan Laws > Chapter 449 > Act 45 of 1909 – Partnership Associations; Election of Managers
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| § 449.351 | Partnership associations; election of managers, procedure, time, number |
Terms Used In Michigan Laws > Chapter 449 > Act 45 of 1909 - Partnership Associations; Election of Managers
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Court: means the family division of circuit court. See Michigan Laws 712A.1
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- juvenile: means a person who is less than 17 years of age who is the subject of a delinquency petition. See Michigan Laws 712A.1
- 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: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l