Michigan Laws 450.146 – Parent or local lodges; powers of non-profit corporation
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Terms Used In Michigan Laws 450.146
- 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.
Same; powers. Every such corporation, whether parent or local, shall have all the rights, powers, immunities and privileges granted by this act to non-profit corporations generally.