Terms Used In Michigan Laws > Chapter 399 > Act 489 of 2004 - Ronald Wilson Reagan Memorial Monument Fund Commission Act

• Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
• Benefit member: means an adult member designated by the laws or rules of the society to be a benefit member under a benefit contract. See Michigan Laws 500.8161
• Commission: means the Ronald Wilson Reagan memorial monument fund commission created in section 3. See Michigan Laws 399.262
• Commissioner: means the director. See Michigan Laws 500.102
• Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
• Conviction: A judgement of guilt against a criminal defendant.
• 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.
• Director: means , unless the context clearly implies a different meaning, the director of the department. See Michigan Laws 500.102
• 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}
• Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. ^{Source: FDIC}
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Laws: means the society's articles of incorporation, constitution, and bylaws, however designated. See Michigan Laws 500.8161
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Lodge: means the subordinate member units of a society, including camps, courts, councils, branches, or other similar designation. See Michigan Laws 500.8161
• Majority leader: see Floor Leaders
• Monument fund: means the Ronald Wilson Reagan memorial monument fund created in the Ronald Wilson Reagan memorial monument fund act. See Michigan Laws 399.262
• person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
• Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
• Quorum: The number of legislators that must be present to do business.
• Rules: means all rules, regulations, or resolutions adopted by a society's supreme governing body or board of directors that are intended to have general application to the members of the society. See Michigan Laws 500.8161
• Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
• state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o