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Code · Michigan · Chapter 455 — Summer Resort and Park Associations

455.312 Vesting of property in municipality.

90 words·~1 min read·/mi/chapter-455/455-312

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455.312 Vesting of property in municipality.
Sec. 12.
If any such corporation fail at any time to have members and no trustees ad interim shall have been appointed, then until such time as the disability of such corporation as trustee shall have been removed, the title to the property thus held in trust shall vest in the municipality or municipalities for which the corporation has held the same in trust.
History: 1911, Act 161, Eff. Aug. 1, 1911 ;-- CL 1915, 10141 ;-- CL 1929, 10399 ;-- CL 1948, 455.312
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