Michigan Laws > Chapter 123 > Act 82 of 1955 – Joint Water and Sewage Disposal System
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Terms Used In Michigan Laws > Chapter 123 > Act 82 of 1955 - Joint Water and Sewage Disposal System
- Amortization: Paying off a loan by regular installments.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
- Personal property: All property that is not real property.
- Qualified agricultural property: means that term as defined in section 7dd. See Michigan Laws 211.27a