Michigan § 399.112 - Receiving and holding real or personal property in trust for state; disposition of money or other personal property; state historic site fund; use and expenditure of proceeds.
Full text of Michigan Michigan Compiled Laws § 399.112 — Receiving and holding real or personal property in trust for state; disposition of money or other personal property; state historic site fund; use and expenditure of proceeds., with citation guidance and answers to common questions.
§ 399.112. Receiving and holding real or personal property in trust for state; disposition of money or other personal property; state historic site fund; use and expenditure of proceeds.
The department of history, arts, and libraries may receive and hold in trust for the state a grant or devise of land or rights in land and a gift or bequest of money or other nonhistoric personal property made for the purposes of this act. If money or other personal property is received, the property shall be appraised at current market value and be turned over to the state treasurer who shall preserve and invest all money and property received as provided by law. The invested funds shall be known as the state historic site fund and the proceeds shall be used and expended under the direction of the department of history, arts, and libraries to carry out the purposes of this act.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 399.112
What does Michigan Compiled Laws § 399.112 cover?
Section 399.112 ("Receiving and holding real or personal property in trust for state; disposition of money or other personal property; state historic site fund; use and expenditure of proceeds.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 399.112?
A common citation format is "Michigan Compiled Laws § 399.112" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 399.112 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.