Sec. 22. If property is acquired by an agency, the agency may lease, sell, or convey any portion not needed, on whatever terms the agency considers proper. A record of the leases and sales, showing the appraised value, the sale price, and other pertinent information, shall be kept in the office of the agency.
Mich. Comp. Laws § 213.72
Lease, sale, or conveyance of property; terms; record
Applied in 1 court decision — leading case 183 Mich. App. 565 - City of Troy v. Barnard (1990)
Most recently applied in 183 Mich. App. 565 - City of Troy v. Barnard (May 1990)
1980, Act 87, Imd
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.