Mich. Comp. Laws § 450.1109

Current through Public Act 39 of the 2024 Legislative Session
Section 450.1109 - Definitions; S
(1) "Services in a learned profession" means services provided to the public by a dentist, an osteopathic physician, a physician, a surgeon, a doctor of divinity or other clergy, or an attorney-at-law. The term does not include services provided to residents of a nursing home, as defined in section 20109 of the public health code, 1978 PA 368, MCL 333.20109, by a dentist, osteopathic physician, physician, or surgeon who is an employee or independent contractor of the nursing home.
(2) "Shareholder" means a person that holds units of proprietary interest in a corporation and is considered to be synonymous with "member" in a nonstock corporation.
(3) "Shares" means the units into which proprietary interests in a corporation are divided and is considered to be synonymous with "membership" in a nonstock corporation.

MCL 450.1109

Amended by 2015, Act 158,s 1, eff. 1/18/2016.
Amended by 2012, Act 569,s 4, eff. 1/2/2013.
1972, Act 284, eff. 1/1/1973 ;--Am. 1973, Act 98, imd. eff. 8/8/1973 ;--Am. 1989, Act 121, eff. 10/1/1989 ;--Am. 1993, Act 91, eff. 10/1/1993.