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Terms Used In Michigan Laws 450.161

  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Trustee: A person or institution holding and administering property in trust.
     Same; powers in relation to property. Trustees of church trustee corporations may, in their corporate name, take and hold all property, real and personal, devised, bequeathed, transferred or conveyed to them for the use and benefit of the religious denomination by whose representative body they are appointed. In the management and disposition of such property they shall be governed by the terms of any will, deed, or other instrument by which such property shall be given to them, and subject to such terms, by the directions of the body by whom they were elected.