Michigan Laws > Chapter 123 > Act 4 of 1955 – Annexation of Submerged Lands
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Terms Used In Michigan Laws > Chapter 123 > Act 4 of 1955 - Annexation of Submerged Lands
- Inflation rate: means that term as defined in section 34d. See Michigan Laws 211.27a
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- transfer of ownership: means the conveyance of title to or a present interest in property, including the beneficial use of the property, the value of which is substantially equal to the value of the fee interest. See Michigan Laws 211.27a