MCL - Section 450.1109
Act 284 of 1972
450.1109 Definitions; S.
Sec. 109.
(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.
History: 1972, Act 284, Eff. Jan. 1, 1973
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Am. 1973, Act 98, Imd. Eff. Aug. 8, 1973
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Am. 1989, Act 121, Eff. Oct. 1, 1989
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Am. 1993, Act 91, Eff. Oct. 1, 1993
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Am. 2012, Act 569, Imd. Eff. Jan. 2, 2013
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Am. 2015, Act 158, Eff. Jan. 18, 2016