§ 123.671 Short title
§ 123.672 Market authority; construction of act
§ 123.673 Market authority; establishment; powers; areas; “farm products” defined; location; board of directors; construction, repair, or ornamentation of market
§ 123.674 Market authority; board of directors, powers
§ 123.675 Market authority; limitations on operations
§ 123.676 Market authority; powers
§ 123.677 Market authority; acquisition of property, market deemed public improvement
§ 123.678 Market authority; property subject to taxation
§ 123.679 Market authority; audit, filing, violation
§ 123.680 Market authority; agreement with secretary of agriculture of United States for mortgage insurance
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Terms Used In Michigan Laws > Chapter 123 > Act 185 of 1956 - The Market Authority Act of 1956

  • Additions: means that term as defined in section 34d. See Michigan Laws 211.27a
  • annual meeting: when applied to townships, mean the annual meeting required by law to be held on the Saturday immediately preceding the first Monday in April. See Michigan Laws 8.3d
  • Devise: To gift property by will.
  • Farm products: as used in this act shall mean those products of agriculture which are unprocessed. See Michigan Laws 123.673
  • Food products: as used in this act shall mean those foods which have been processed. See Michigan Laws 123.673
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Inflation rate: means that term as defined in section 34d. See Michigan Laws 211.27a
  • Losses: means that term as defined in section 34d. See Michigan Laws 211.27a
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Personal property: All property that is not real property.
  • Residential real property: means real property classified as residential real property under section 34c. See Michigan Laws 211.27a
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • 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
  • true cash value: means the usual selling price at the place where the property to which the term is applied is at the time of assessment, being the price that could be obtained for the property at private sale, and not at auction sale except as otherwise provided in this section, or at forced sale. See Michigan Laws 211.27