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Form a Business

Donations; use.

MCL 458.156
in effect
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458.156. Donations; use. Sec. 6. All money or property given to the corporation, for any 1 of the objects specified in the last preceding section, to be designated by the donor, shall be used by the corporation for that object and no other; and all moneys or property given to the corporation generally, and without the donors specifying the particular object to which it shall be applied, may be used to promote any 1 or more of the objects named in said section. 1842, Act 42, Eff. Mar. 19, 1842; CL 1929, 10918; CL 1948, 458.156
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-458-156Fetched: 10/20/2026

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