"[Michigan Attorney General] Bill Schuette says in a formal opinion released Thursday that the artwork 'is held by the City of Detroit in charitable trust for the people of Michigan.'"
Really, isn't that convenient? As I've said, I've got a better idea: why stop at the art? Why not declare that all of the City's assets are held in trust for the people and thus not available to pay back creditors? Where do I send my bill?