Michigan Laws > Chapter 390 > Act 36 of 1895 – Regents of University; Holding of Property
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| § 390.51 | Board of regents; holding property in trust |
Terms Used In Michigan Laws > Chapter 390 > Act 36 of 1895 - Regents of University; Holding of Property
- 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.
- person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l