Michigan Compiled Laws § 395.88 Gifts; Acceptance, Use.

395.88 Gifts; acceptance, use.

Sec. 8.

The state board may accept and use gifts made by bequest or otherwise for carrying out the purposes of this act. Gifts made under such conditions as in the judgment of the state board are proper and consistent with the provisions of this act may be so accepted and shall be held, invested, reinvested and used in accordance with the conditions of the gifts.

History: 1964, Act 232, Imd. Eff. May 22, 1964

Compiler's Notes: For transfer of powers and duties of department of career development, including any board, commission, council, or similar entity within the department of career development, to the department of labor and economic growth, see E.R.O. No. 2003-1, compiled at MCL 445.2011.

Section: Previous  395.81  395.82  395.83  395.84  395.85  395.86  395.87  395.88  395.89  395.90    Next

Last modified: October 10, 2016