8 chapters · 103 sections in this title.
Mich. Comp. Laws § 455.201 Summer resort owners; incorporation, purpose.
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Sec. 1. That any number of freeholders, not less than 10, who may desire to form a summer resort owners corporation for the better welfare of said community and for the purchase and improvement of lands to be occupied for summer homes and summer resort purposes, may, with their a…
Mich. Comp. Laws § 455.202 Articles of association; contents.
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Sec. 2. The persons so associating shall subscribe and verify articles of association stating: First: The corporate name chosen; Second: The names and residences of the persons thus associating; Third: A legal description of the land owned by each of such persons and to be subjec…
Mich. Comp. Laws § 455.203 Execution and acknowledgment of articles of association; filing articles with department of commerce; classification of corporation as nonprofit.
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Sec. 3. The execution of such articles of association shall be acknowledged by the persons signing the same before some officer authorized to take the acknowledgment of deeds. Such articles shall thereupon be filed with the corporation and securities bureau of the department of c…
Mich. Comp. Laws § 455.204 Corporate powers and liabilities; property ownership, limitation.
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Sec. 4. On compliance with the foregoing provisions of this act, the persons so associating, their successors and assigns, shall become and be a body politic and corporate, under the name assumed in their articles of association and shall have and possess all the general powers a…