™Your Policy Risk Impact Agent
14 chapters · 63 sections in this title.
Mich. Comp. Laws § 128.1 Perpetual care and maintenance of cemetery or burial lot; resolution or ordinance; payment; investment in mutual funds; petition to transfer money to municipality.
1.7K chars
Sec. 1. (1) The legislative body of a municipality owning or controlling a cemetery or burial grounds may by resolution or ordinance provide for the perpetual care and maintenance of the cemetery or a burial lot upon the payment by the owner of the lot or another person of the ag…
Mich. Comp. Laws § 128.2 Joint cemetery authority; formation and purpose.
0.3K chars
Sec. 2. The legislative body of 2 or more municipalities may authorize the formation of a nonprofit corporation as a joint cemetery authority to acquire, own, operate, maintain, and sell real and personal property used for a cemetery or burial ground.
Mich. Comp. Laws § 128.3 "Community foundation" and "municipality" defined.
1.6K chars
Sec. 3. As used in this act: (a) "Community foundation" means an organization that meets all of the following requirements: (i) Has been in existence for at least 10 years. (ii) Has assets of at least $10,000,000.00. (iii) Qualifies for exemption from federal income taxation unde…
Mich. Comp. Laws § 128.4 Irrevocable endowment and perpetual care fund; establishment as component fund within community foundation; powers and duties of community foundation; "fund" defined.
1.7K chars
Sec. 4. (1) Subject to this section, to lessen the burden of government, each municipality with a municipally owned cemetery may establish and maintain an irrevocable endowment and perpetual care fund as a component fund within a community foundation by entering into an irrevocab…