Sec. 2. (1) Two or more local units may conditionally transfer property for a period of not more than 50 years for the purpose of an economic development project. A conditional transfer of property shall be controlled by a written contract agreed to by the affected local units. (2) A contract under this act may be renewed for additional periods of not to exceed 50 years upon approval of each legislative body of the affected local units.
Mich. Comp. Laws § 124.22
Conditional transfer of property; period; written contract; renewal
Applied in 3 court decisions — leading case Vern Guindon v. Township of Dundee, Michigan (2012)
Most recently applied in Vern Guindon v. Township of Dundee, Michigan (May 2012)
1984, Act 425, Eff
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.