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8 chapters · 103 sections in this title.
Mich. Comp. Laws § 455.51 Summer resort and assembly associations; incorporation, purpose.
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Sec. 1. That any number of persons not less than 10, who may desire to form an association for the purchase and improvement of lands to be occupied for summer homes, for camp-meetings, for meetings and assemblies of associations and societies organized for scientific or intellect…
Mich. Comp. Laws § 455.52 Articles of association; capital stock; reorganization.
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Sec. 2. The persons so associating shall sign articles of association which shall state: First, The corporate name of the association; Second, The names and residences of the persons thus associating; Third, The purpose or purposes of such association; Fourth, The number of trust…
Mich. Comp. Laws § 455.53 Execution of articles of association; acknowledgment; filing articles with department of commerce; certification.
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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 § 455.54 Powers, privileges, and liabilities of incorporated association; limitation on land holdings; voting.
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Sec. 4. (1) An association incorporated under this act has all the general powers and privileges and is subject to all the liabilities of a corporation. The association may have a common seal; may sue and be sued in all the courts of this state; and, subject to subsection (2), ma…