Michigan Compiled Laws Act 230 Of 1941 Sale Or Lease Of Real Estate Acquired By State (322.1 - 322.5)

AN ACT to authorize the state treasurer to sell or lease certain real estate; and to prescribe certain requirements for that sale or lease.

History: 1941, Act 230, Imd. Eff. June 16, 1941 ;-- Am. 2002, Act 705, Imd. Eff. Dec. 30, 2002

Section 322.1 Real Estate Acquired By State; Sale Or Lease; Authorization.
Whenever the title to any real estate has vested in this state by grant, devise or gift, or in payment for care or medical...
Section 322.2 Appraisal Of Real Estate; Sale To Highest Bidder; Notice.
The state treasurer shall cause real estate described in section 1 to be appraised by 2 disinterested and qualified appraisers who are residents of...
Section 322.3 Terms Of Sale; Credit; Limitation; Security.
Upon sale of real estate under this act, the state treasurer may give such length of credit, not to exceed 5 years, and for...
Section 322.4 Notice Of Sale; Deed Of Conveyance; Documents Attached; Quitclaim Deed.
An affidavit of the publisher of the notice of sale required under section 2 shall be attached to the deed conveying real estate under...
Section 322.5 Proceeds Of Sale; Disposition.
The money derived from such lease or sale, after the payment of the costs and expenses of such lease or sale, shall be paid...

Last modified: October 10, 2016