Sec. 12.
If any such corporation fail at any time to have members and no trustees ad interim shall have been appointed, then until such time as the disability of such corporation as trustee shall have been removed, the title to the property thus held in trust shall vest in the municipality or municipalities for which the corporation has held the same in trust.
History: 1911, Act 161, Eff. Aug. 1, 1911 ;-- CL 1915, 10141 ;-- CL 1929, 10399 ;-- CL 1948, 455.312
Structure Michigan Compiled Laws
Chapter 455 - Summer Resort and Park Associations
Act 161 of 1911 - Parks, Playgrounds, Drives, and Boulevards (455.301 - 455.313)
Section 455.301 - Parks, Playgrounds, Drives and Boulevards; Incorporation, Purpose.
Section 455.302 - Articles of Association; Acknowledgment, Contents.
Section 455.303 - Filing Articles of Association With Department of Commerce.
Section 455.304 - Body Corporate; Powers.
Section 455.305 - Corporation; Shares of Stock; Directors, Election, Terms, Powers.
Section 455.307 - Corporation; Powers; Condemnation.
Section 455.308 - Municipal Corporation; Transfer of Realty, Revocation.
Section 455.309 - Municipal Corporation; Aid.
Section 455.310 - Lands Held in Trust; Free Access, Tax Exemption.
Section 455.311 - Trustees; Court Appointment.