455.312 Vesting of property in municipality. 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
Michigan Legal Code