Michigan Laws > Chapter 123 > Act 301 of 1969 – Gifts From Municipal Utilities
Current as of: 2023 | Check for updates
|
Other versions
| § 123.391 | Authorization for giving gifts and contributions; source; legislative approval |
Terms Used In Michigan Laws > Chapter 123 > Act 301 of 1969 - Gifts From Municipal Utilities
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Appraisal: A determination of property value.
- Bequest: Property gifted by will.
- Devise: To gift property by will.
- 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.