Michigan Compiled Laws Act 95 Of 1909 Trust Fund For Care Of Cemeteries (128.71 - 128.74)

AN ACT to authorize township boards of trustees to receive and hold property, real or personal, left to the board in trust for the upkeep of a cemetery or lots in a cemetery, and permitting the board to expend the funds in accordance with the trust.

History: 1909, Act 95, Eff. Sept. 1, 1909 ;-- Am. 1980, Act 379, Eff. Mar. 31, 1981

Section 128.71 Township Board Of Trustees; Taking, Receiving, And Holding Property In Trust; Purpose; Expenditure Of Funds.
The board of trustees of a township may take, receive, and hold property, real or personal, which may be granted, transferred, bequeathed, or devised...
Section 128.72 Trust Fund; Investment.
All moneys and property which may be received by said board by way of gift, grant, devise or bequest, for cemetery purposes, shall be...
Section 128.73 Trust Fund; Not Transferable.
Neither the whole nor any part of the principal or income derived from said trust fund shall be either temporarily or permanently transferred to...
Section 128.74 Treasurer And Custodian; Bond.
The clerk of said board shall be the treasurer of said board and custodian of such trust fund, and said board shall take into...

Last modified: October 10, 2016