{"data":{"id":"us-mi/mich.-comp.-laws-207.501","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 207.501","heading":"Real estate transfer tax; definitions.","body":"Sec. 1.\n\nAs used in this act:\n\n\"Treasurer\" means the county treasurer.\n\n\"Person\" means every natural person, association or corporation. Whenever used in any penalty clause the term \"person\", as applied to associations, means the partners or members thereof, and as applied to corporations, the officers thereof.\n\n\"Value\" means the current or fair market worth in terms of legal monetary exchange at the time of the transfer.","path":["MI Code","Chapter 207","Act Act-134-of-1966"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-207-501","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"fe19fe27a917944f623a28418d1400e394206dde0f2fcf2e0748b80ad2fbf0a9","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-207.234","next":"us-mi/mich.-comp.-laws-207.502"},"notice":"GroundRules: Original legal text. Not legal advice."}