Michigan Laws 16.428 – Michigan corporation and securities commission; transfer of powers, duties, and functions relating to real estate brokers and salesmen
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Terms Used In Michigan Laws 16.428
- 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.
The powers, duties and functions of the Michigan corporation and securities commission under the provisions of Act No. 306 of the Public Acts of 1919, as amended, being section 451.201 to 451.219 of the Compiled Laws of 1948, relating to real estate brokers and salesmen, are transferred by a type II transfer to the department of licensing and regulation.