Michigan Laws 123.1011 – Succession to property and liabilities; division of properties; sharing of revenues; tax assessment and collection
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 123.1011
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
Succession to property and liabilities, division of properties, sharing in revenue from various taxes and state funds distributable among local units and assessment and collection of taxes in newly incorporated municipalities shall be governed by the existing provisions of law.