Michigan Laws 324.74305 – Michigan state parks foundation; management; use of assets
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Terms Used In Michigan Laws 324.74305
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Foundation: means the Michigan state parks foundation created in section 74302. See Michigan Laws 324.74301
- 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
The foundation shall be managed solely pursuant to and for the purpose set forth in this part and money or other assets of the foundation shall not be loaned or otherwise transferred or used by the state for any purpose other than the purposes of this part.