457.553 Grand court; filing copy of articles of association, charter, and constitution with department of commerce; signers of articles, associates, and successors as bod
222 words·~1 min read·
/mi/chapter-457/457-553A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
457.553 Grand court; filing copy of articles of association, charter, and constitution with department of commerce; signers of articles, associates, and successors as body politic and corporate; name; evidence of existence and incorporation.
Sec. 3.
A copy of said articles of association, together with a copy of the charter and constitution of said grand court, shall be filed with the corporation and securities bureau of the department of commerce and thereupon the persons who shall have signed such articles of association, their associates and successors, shall be a body politic and corporate, by the name expressed in such articles of association, and by that name they and their successors shall have succession and shall be persons in law capable of suing and being sued and they and their successors may have a common seal, which may be changed and altered at their pleasure and a copy of said articles of association, under seal of the department of commerce duly certified to according to law shall be received as prima facie evidence in all courts of the state of the existence and due incorporation of such grand court.
History: 1897, Act 1, Imd. Eff. Jan. 21, 1897 ;-- CL 1897, 8072 ;-- CL 1915, 10546 ;-- CL 1929, 10751 ;-- CL 1948, 457.553 ;-- Am. 1982, Act 106, Imd. Eff. Apr. 19, 1982