§ 125.131 Short title
§ 125.133 Definitions
§ 125.135 Joint planning commission; approval of agreement to establish; specifications; phased transfer
§ 125.137 Transfer of powers and duties
§ 125.139 Adoption of ordinance by municipality; notice of intent to file petition; petition subject to certain laws; referendum
§ 125.141 Conduct of business at public meeting; writings subject to freedom of information act
§ 125.143 Allocation of land; conditions
contract signature

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Terms Used In Michigan Laws > Chapter 125 > Act 226 of 2003 - Joint Municipal Planning Act

  • Acceptor: means a drawee who has accepted a draft. See Michigan Laws 440.3103
  • Bank: means a person engaged in the business of banking and includes a savings bank, savings and loan association, credit union, and trust company. See Michigan Laws 440.1201
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Bearer: means a person in control of a negotiable electronic document of title or a person in possession of an instrument, a negotiable tangible document of title, or a certificated security payable to bearer or indorsed in blank. See Michigan Laws 440.1201
  • Creditor: includes a general creditor, a secured creditor, a lien creditor, and any representative of creditors, including an assignee for the benefit of creditors, a trustee in bankruptcy, a receiver in equity, and an executor or administrator of an insolvent debtor's or assignor's estate. See Michigan Laws 440.1201
  • Drawer: means a person who signs or is identified in a draft as a person ordering payment. See Michigan Laws 440.3103
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiduciary: A trustee, executor, or administrator.
  • Forgery: The fraudulent signing or alteration of another's name to an instrument such as a deed, mortgage, or check. The intent of the forgery is to deceive or defraud. Source: OCC
  • Freedom of Information Act: A federal law that mandates that all the records created and kept by federal agencies in the executive branch of government must be open for public inspection and copying. The only exceptions are those records that fall into one of nine exempted categories listed in the statute. Source: OCC
  • Good faith: except as otherwise provided in article 5, means honesty in fact and the observance of reasonable commercial standards of fair dealing. See Michigan Laws 440.1201
  • Holder: means any of the following:
    (i) A person in possession of a negotiable instrument that is payable either to bearer or to an identified person that is the person in possession. See Michigan Laws 440.1201
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Maker: means a person who signs or is identified in a note as a person undertaking to pay. See Michigan Laws 440.3103
  • Municipality: means a city, village, or township. See Michigan Laws 125.133
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Organization: means a person other than an individual. See Michigan Laws 440.1201
  • Participating: means , with respect to a municipality, that the municipality is a member of a joint planning commission. See Michigan Laws 125.133
  • Party: means a party to an instrument. See Michigan Laws 440.3103
  • Person: means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, government, governmental subdivision, agency, or instrumentality, public corporation, or any other legal or commercial entity. See Michigan Laws 440.1201
  • person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
  • Promise: means a written undertaking to pay money signed by the person undertaking to pay. See Michigan Laws 440.3103
  • Purchase: means taking by sale, lease, discount, negotiation, mortgage, pledge, lien, security interest, issue or reissue, gift, or any other voluntary transaction creating an interest in property. See Michigan Laws 440.1201
  • Purchaser: means a person that takes by purchase. See Michigan Laws 440.1201
  • Registered elector of the municipality: means a registered elector residing in the municipality or, if the municipality is a township, a registered elector residing in the portion of the township outside the limits of any village. See Michigan Laws 125.133
  • Right: includes remedy. See Michigan Laws 440.1201
  • Security interest: means an interest in personal property or fixtures which secures payment or performance of an obligation. See Michigan Laws 440.1201
  • Trustee: A person or institution holding and administering property in trust.
  • Unauthorized signature: means a signature made without actual, implied, or apparent authority. See Michigan Laws 440.1201
  • writing: includes printing, typewriting, or any other intentional reduction to tangible form. See Michigan Laws 440.1201