Michigan Laws 550.1651 – Definitions
Current as of: 2024 | Check for updates
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Terms Used In Michigan Laws 550.1651
- Board: means the board of a health endowment fund corporation incorporated under this part. See Michigan Laws 550.1651
- 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.
- Executive director: means the executive director of a fund appointed by the board. See Michigan Laws 550.1651
- Fund: means a health endowment fund corporation organized as a nonprofit corporation under section 653. See Michigan Laws 550.1651
As used in this part:
(a) “Board” means the board of a health endowment fund corporation incorporated under this part.
(b) “Executive director” means the executive director of a fund appointed by the board.
(c) “Fund” means a health endowment fund corporation organized as a nonprofit corporation under section 653.