Michigan Compiled Laws § 14.252 Definitions.


14.252 Definitions.

Sec. 2.

(a) “Trustee” means any individual, group of individuals, association, foundation, trustee corporation, corporation, or other legal entity holding property for any charitable purpose.

(b) “Charitable trust” means the relationship where a trustee holds property for a charitable purpose.


History: 1961, Act 101, Eff. Sept. 8, 1961 ;-- Am. 1965, Act 353, Eff. Mar. 31, 1966


Section: 14.251  14.252  14.253  14.254  14.255  14.256  14.257  14.258  14.259  14.260  14.261  14.262  14.263  14.264  14.265  Next

Last modified: October 10, 2016