455.311 Trustees; court appointment.

212 words·~1 min read·/mi/chapter-455/455-311

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 11.

If any corporation organized under this act shall at any time fail, from any cause, to perform the duties of trustee as herein provided, and by reason of such failure injury may result to any of the drives, parks, playgrounds, boulevards or other property held by such corporation as trustee, or shall make unreasonable rules and regulations regarding the same, or do other acts to the permanent injury of the public, then upon petition to the circuit court in chancery of the county in which said corporation shall be located of any 5 citizens and freeholders residing within said county, said court may, upon notice to such corporation, appoint a day for hearing said petition, and if upon such hearing it shall appear that damage has resulted to, or is likely to result to, the public or to any of the property held by such corporation, said court may appoint such number of trustees ad interim as shall be deemed necessary to protect the interests of the public in said trust, until such time as the disability of said corporation as trustee shall have been removed.

History: 1911, Act 161, Eff. Aug. 1, 1911 ;-- CL 1915, 10140 ;-- CL 1929, 10398 ;-- CL 1948, 455.311