Donación Terreno Withdrawn In Michigan

State:
Multi-State
Control #:
US-00207
Format:
Word; 
Rich Text
Instant download

Description

This Agreement for Donation of Land to City is an Agreement to donate land to the city with a reverter clause. Tthe Owners have offered to donate the specified land, subject to certain conditions as identified in the Agreement and the City will agree to those terms. The Owners will also have a right of first refusal to match the price and terms of any proposed sale of any of the property donated to the City. This Agreement can be used in any state.
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FAQ

In general, a person can get title to land owned by someone else by using the land exclusively, out in the open, without permission by the owner, and continuously and without interruption for the time period contained in state law for 15 years.

When is Property considered abandoned/unclaimed? There is no activity within the specified dormancy period (3 years for most property types).

Who can claim funds listed in the database? The original owner(s) as reported to the Department of Treasury by the company holding the funds. If the owner is deceased: Biological heir, or devisee of the original owner.

In general, a person can get title to land owned by someone else by using the land exclusively, out in the open, without permission by the owner, and continuously and without interruption for the time period contained in state law for 15 years.

Q: Can I change my mind and remove my name from the Donor Registry? Answer: Yes, anyone can remove their name from the registry by contacting Gift of Life Michigan, which then works with Secretary of State administration to make the change.

When is Property considered abandoned/unclaimed? There is no activity within the specified dormancy period (3 years for most property types). The business holding the property is unable to locate the owner.

The Michigan Department of Treasury is the custodian of these assets and returns them to their owners (or the owners' heirs) when they are rightfully claimed. To search the Michigan Department of Treasury's Unclaimed Property database, enter a name or business name and select “Search”.

Q: Can I change my mind and remove my name from the Donor Registry? Answer: Yes, anyone can remove their name from the registry by contacting Gift of Life Michigan, which then works with Secretary of State administration to make the change.

There is no time limit for filing a claim. Michigan Department of Treasury serves as the custodian for unclaimed property and holds the funds until the rightful owner comes forward to claim them.

There is no time limit for filing a claim.

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Donación Terreno Withdrawn In Michigan