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Home » US Law » 2022 Michigan Compiled Laws » Chapter 128 - Cemeteries » Act 95 of 1909 - Trust Fund for Care of Cemeteries (128.71 - 128.74)

Section 128.72 – Trust Fund; Investment.

128.72 Trust fund; investment. Sec. 2. All moneys and property which may be received by said board by way of gift, grant, devise or bequest, for cemetery purposes, shall be under the control of said board, and shall be held in trust by said board, subject to the terms and conditions on which the same […]

Section 128.73 – Trust Fund; Not Transferable.

128.73 Trust fund; not transferable. Sec. 3. Neither the whole nor any part of the principal or income derived from said trust fund shall be either temporarily or permanently transferred to the general cemetery or other fund, or used for general cemetery purposes, or diverted in any way contrary to the provisions of the trust […]

Section 128.74 – Treasurer and Custodian; Bond.

128.74 Treasurer and custodian; bond. Sec. 4. The clerk of said board shall be the treasurer of said board and custodian of such trust fund, and said board shall take into consideration this duty of the clerk in fixing the amount of his official bond, which in all cases shall be adequate to cover the […]