Michigan Compiled Laws Act 380 Of 1913 Gifts Of Property (123.871 - 123.874)

AN ACT to regulate gifts of real and personal property to cities, villages, townships, and counties, and the use of those gifts and other funds; and to validate all gifts made before the enactment of this act.

History: 1913, Act 380, Eff. Aug. 14, 1913 ;-- Am. 1985, Act 9, Imd. Eff. Apr. 15, 1985 ;-- Am. 2003, Act 122, Imd. Eff. July 29, 2003

Section 123.871 Gift Of Real Or Personal Property To City, Village, Township, Or County; Public Purposes; Conditions, Limitations, And Requirements; Validity.
Any city, village, township, or county may receive, own, and enjoy any gift of real or personal property, made by grant, devise, bequest, or...
Section 123.872 Loan Or Grant To Assist Businesses Or For Public Purposes; Assignment Of Right To Repayment; Loan Revenue Bonds; Agreement With Federal Government Or Agency.
(1) To provide a means and method to encourage and assist businesses in locating and expanding in this state, and if not prohibited by...
Section 123.873 Repealed. 2002, Act 555, Imd. Eff. July 26, 2002.
Compiler's Notes: The repealed section pertained to commingling prohibited.
Section 123.874 Transfer Of Gift To Community Foundation.
(1) A city, village, township, or county may transfer any gift of intangible personal property received pursuant to section 1 or the proceeds of...

Last modified: October 10, 2016