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8 chapters · 103 sections in this title.
Mich. Comp. Laws § 455.101 Suburban homestead, villa park and summer resort associations; incorporation; purposes; corporate life; trustees, number, election.
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Sec. 1. That any number of persons not less than 5 who shall desire to form an association for the purpose of purchasing, holding, improving and disposing of lands or lots for suburban homesteads or residences, or for a villa park or summer resort, may meet at such time and place…
Mich. Comp. Laws § 455.102 Certificate; signing and acknowledgment; contents; filing with department of commerce.
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Sec. 2. The chairperson and secretary of the meeting shall within 10 days after such meeting make a written certificate and sign their names thereto, and acknowledge the same before an officer authorized to take acknowledgments of conveyances; which certificate shall state the na…
Mich. Comp. Laws § 455.103 Corporate powers; articles, certified copy as evidence; trustees, powers.
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Sec. 3. When a [the] certificate shall have been recorded and filed as aforesaid, the association mentioned therein shall be deemed legally incorporated and shall have and possess the general powers and privileges, and be subject to the liabilities of a corporation. Such associat…
Mich. Comp. Laws § 455.104 Taking and holding of land by incorporated association; purposes; sale and conveyance or lease; personal property.
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Sec. 4. Any association incorporated under this act may take by purchase, devise or gift, and hold within any 1 county, not exceeding 320 acres of land, to be held and possessed by it for the purposes mentioned in the first section of this act. The trustees may sell and convey or…