Michigan Laws 331.608 – Medical commission; property, purchase, condemnation, sale or lease
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Michigan Laws 331.608
- Bequest: Property gifted by will.
- Devise: To gift property by will.
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Personal property: All property that is not real property.
The commission may, with the approval of the local legislative body, take and hold, by purchase, gift, devise, bequest or otherwise, such real and personal property as may be proper for carrying out the intent and purpose of this act. It shall recommend to the local legislative body the institution of condemnation proceedings whenever, in its judgment, private property should be taken in the name of the municipality for the purposes of the commission. Any land acquired by the municipality for the purposes of this act shall be held in fee simple title by the commission. The commission may sell or lease land, so acquired, to either governmental or non-governmental institutions, or may convey it for a public purpose.