Michigan Laws 211.962 – Definitions
Current as of: 2024 | Check for updates
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As used in this act:
(a) “Abandoned property” means tax delinquent property containing a structure that is vacant or dilapidated, is open to entrance or trespass, and has been determined to be abandoned under section 4.
Terms Used In Michigan Laws 211.962
- Abandoned property: means tax delinquent property containing a structure that is vacant or dilapidated, is open to entrance or trespass, and has been determined to be abandoned under section 4. See Michigan Laws 211.962
- General property tax act: means the general property tax act, 1893 PA 206, MCL 211. See Michigan Laws 211.962
- Local unit of government: means a city, village, or township. See Michigan Laws 211.962
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
- Tax delinquent property: means property the taxes for which have been returned as delinquent under the general property tax act. See Michigan Laws 211.962
(b) “Certified abandoned property” means abandoned property certified by a local unit of government as abandoned under section 6.
(c) “Declaration of accelerated forfeiture of abandoned property” means the resolution adopted by a local unit of government under section 3.
(d) “General property tax act” means the general property tax act, 1893 PA 206, MCL 211.1 to 211.157.
(e) “Legal interest” means a person holding a title interest in the property or a mortgage holder as it appears on the records of the treasurer of the county in which the abandoned property is located or the records of the assessor of the local unit of government in which the abandoned property is located.
(f) “Local unit of government” means a city, village, or township.
(g) “Tax delinquent property” means property the taxes for which have been returned as delinquent under the general property tax act.