§ 456.251 Articles of agreement; execution, acknowledgment, and filing; signers of articles and associates as body politic and corporate
§ 456.252 Vault associations; articles of association, contents
§ 456.253 Vault associations; corporate powers
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Terms Used In Michigan Laws > Chapter 456 > Act 13 of 1882 - Vault Associations

  • annual meeting: when applied to townships, mean the annual meeting required by law to be held on the Saturday immediately preceding the first Monday in April. See Michigan Laws 8.3d
  • 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.
  • Devise: To gift property by will.
  • 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