Sec. 2. (a) "Trustee" means any individual, group of individuals, association, foundation, trustee corporation, corporation, or other legal entity holding property for any charitable purpose. (b) "Charitable trust" means the relationship where a trustee holds property for a charitable purpose.
Mich. Comp. Laws § 14.252
Definitions
Applied in 2 court decisions — leading case 92 Mich. App. 1 - St. John's-St. Luke Evangelical Church v. Nat'l Bank of Detroit (1979)
Most recently applied in 145 Mich. App. 735 - In Re Americana Foundation (September 1985)
1961, Act 101, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.